Goldman Sachs Upgrades Och-Ziff Capital (OZM) to Conviction Buy, Sees 28% Upside
Get Alerts OZM Hot Sheet
Price: $20.47 --0%
Rating Summary:
3 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
3 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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Goldman Sachs upgraded Och-Ziff Capital Management Group (NYSE: OZM) to Conviction Buy with a price target of $11.50 (up from $10.50), suggesting 28% upside.
The firm sees outperformance citing: "(1) a favorable organic growth outlook as "loss averse" investors seek strategies capable of preserving assets while still capturing upside; (2) OZM's ended 2011 with just slight year-end redemptions and an inconsequential high-watermark, suggest substantial earnings growth and distribution potential into 2012/13, and (3) valuation offers a mix of yield and a near-free call option on stronger investment performance."
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 $9.02 yesterday.
The firm sees outperformance citing: "(1) a favorable organic growth outlook as "loss averse" investors seek strategies capable of preserving assets while still capturing upside; (2) OZM's ended 2011 with just slight year-end redemptions and an inconsequential high-watermark, suggest substantial earnings growth and distribution potential into 2012/13, and (3) valuation offers a mix of yield and a near-free call option on stronger investment performance."
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 $9.02 yesterday.
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