Citi resumed coverage of Blue Owl Capital (OWL) with a Buy rating and $30 price target The firm continues to like Blue Owl at current share levels, citing the embedded earnings power in the platform, its business mix, permanent capital model, and positioning in the wealth channel. The impact of recent acquisitions should help unlock growth opportunities in the insurance channel, alternative credit segment and infrastructure/real estate and help provide product diversity, particularly in credit, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OWL:
- TD Cowen upgrades Blue Owl Capital to Buy ahead of investor day
- Blue Owl Capital upgraded to Buy from Hold at TD Securities
- Blue Owl Capital price target raised to $30 from $27 at JMP Securities
- Blue Owl Capital and Blue Owl Capital Corporation III obtain approval for merger
- Blue Owl Capital price target raised to $26 from $24 at Deutsche Bank