Keefe Bruyette upgraded Blue Owl Capital (OWL) to Outperform from Market Perform with a price target of $23, up from $20. The firm says its macro fears “have begun to abate,” and it sees a “clear pathway and catalysts” for Blue Owl to drive an acceleration of earnings growth into late 2025 and early 2026. In addition, the stock’s valuation now appears more attractive on a relative basis, the analyst tells investors in a research note.
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