TD Cowen upgraded Blue Owl Capital (OWL) to Buy from Hold with a price target of $28, up from $26, ahead of the company’s investor day on February 7, or the day following its Q4 report. The firm expects a “constructive update” that should help “reframe the bull case” and shift investors to the “out years” to value the stock, particularly given its durable assets under management compounding. The investor day should reinforce Blue Owl ‘s “durable and outsized” growth, the analyst tells investors in a research note. Concurrently, TD sees “several key headwinds” from 2024 dissipating, including deal risk, the dividend outlook, and financial guidance.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OWL:
- 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
- Blue Owl Capital downgraded to Neutral from Buy at Goldman Sachs