JPMorgan Resumes Blue Owl Capital (OWL) at Neutral

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Go back to JPMorgan Resumes Blue Owl Capital (OWL) at Neutral

A pullback in this stock provides buying opportunity

June 14, 2024 8:00 PM EDT

Bank of America sees a recent stock price decline in one alternative investment asset management company as a buying opportunity.

The bank maintained its Buy rating and a $22 price target on Blue Owl Capital (NYSE: OWL) in a note this week. Following a dinner with Blue Owl's CFO, BofA highlights several factors supporting their bullish view.

Firstly, BofA emphasizes the company's robust fundraising trajectory and defensive earnings qualities. Blue Owl... More