Goldman Sachs Upgrades Och-Ziff Capital (OZM) to Conviction Buy, Sees 28% Upside

January 9, 2012 7:10 AM EST
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: 7 | Down: 15 | New: 24
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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.


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