TD Cowen Reiterates Hold Rating on Blue Owl Capital (OWL)

TD Cowen analyst Bill Katz reiterated a Hold rating and $19.00 price target on Blue Owl Capital (NYSE: OWL).

The analyst commented, "We layer in the recently announced Atalaya Transaction (see 7/16), expected to close in 2H24 - we presume 12/31. Our revised '24-25 DE estimates are $0.78/$0.97 vs. $0.78/ $0.96 prior. We like the deal strategically, as it opens up another growth vector across distribution channels and edges up the ability to hit the "on/about" $1.00 '25 dividend. Retain Hold; $19 target."

For an analyst ratings summary and ratings history on Blue Owl Capital click here. For more ratings news on Blue Owl Capital click here.

Shares of Blue Owl Capital closed at $18.78 yesterday.

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