Och-Ziff Capital (OZM) Bullish Stance Reiterated at Jefferies

Jefferies analyst Daniel Fannon reiterated a Buy rating and $16 price target on Och-Ziff Capital Management Group (NYSE: OZM) after spending several days with the management.

Fannon notes, "Last week we spent several days with the management team of Och Ziff. Client demand for OZM's products continues to be strong with diversity across multi-asset, credit, real estate and L/S equity. Even in a difficult market backdrop for generating positive alpha, we believe OZM has and will continue to differentiate itself from peers. At an approximate 6% dividend yield on mgmt. fees alone, we view current levels as a compelling entry point."

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 $12.62 yesterday.

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