Goldman Sachs Downgrades Och-Ziff Capital Management Group (OZM) to Neutral

January 8, 2013 7:17 AM EST Send to a Friend
Get Alerts OZM Hot Sheet
Price: $11.57 +1.58%

Rating Summary:
    4 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 28 | New: 51
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Goldman Sachs downgraded Och-Ziff Capital Management Group (NYSE: OZM) from Buy to Neutral with a price target of $11.00 (from $11.50) saying they see better opportunity elsewhere in the space.

While OZM still offers compelling 11.3% 2012 full-year distribution yield, the firm notes flows have been disappointing despite secular tailwinds for allocations to alternatives, and they estimate negative net flows in 2012 excluding two large CLO raises.

For an analyst ratings summary and ratings history on Och-Ziff Capital Management Group click here. For more ratings news on Och-Ziff Capital Management Group click here.

Shares of Och-Ziff Capital Management Group closed at $9.69 yesterday.


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