Deutsche Bank Starts Oaktree Capital Group (OAK) at Hold; Well Positioned, But Marco Uncertainty

Deutsche Bank initiates coverage on Oaktree Capital Group (NYSE: OAK) with a Hold. PT $42.00.

Deutsche analyst said, "Oaktree is well positioned to benefit from structural industry trends (increasing institutional allocations to alternatives & consolidation of GP relationships) & long-term growth via its leading core strategies, as well as expanding product and distribution opportunities. In addition, we expect Oaktree to pay out an attractive and increasing dividend, with further upside as incentive AUM rises...Although the outlook is mixed for Oaktree & the industry, much of it depends on the macro outlook, which is the primary risk, as it can negatively impact the credit markets, the capital markets, & returns."

For an analyst ratings summary and ratings history on Oaktree Capital Group click here. For more ratings news on Oaktree Capital Group click here.

Shares of Oaktree Capital Group closed at $36.80 yesterday.

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