Blue Owl Capital price target lowered to $21 from $23 at Piper Sandler

Piper Sandler lowered the firm’s price target on Blue Owl Capital to $21 from $23 and keeps an Overweight rating on the shares. Retail long-term net flows for U.S. domiciled funds increased $59B in May and May long-term industry AUM was up 4% month over month to $28.4T, based on Morningstar data, with continued strength likely with markets at highs, the analyst tells investors in a research note.