Blue Owl Capital initiated with an Overweight at Barclays

Barclays analyst Benjamin Budish initiated coverage of Blue Owl Capital (OWL) with an Overweight rating and $29 price target The analyst believes Blue Owl is well positioned in many of the spaces its operates in, including credit and wealth, with recent acquisitions putting the company “in the right places for continued future growth.” The shares attractive given the underlying free related earnings multiple, the analyst tells investors in a research note.