Citigroup Reiterates Buy Rating, $12 PT on Och-Ziff Capital Management Group After Solid Monthly Disclosure
In a report published Monday, Citigroup reiterated its Buy rating and $12.00 price target on Och-Ziff Capital Management Group (NYSE: OZM).
Citigroup noted, “We still see solid upside to our 12-month target and believe the stock could outperform in the ST given positive disclosure and recent underperformance versus peers – group up 15% to 30% thus far in 2013 versus 6% for OZM. We still see a solid “yield play” at hand with Jan/Feb data reinforcing our thesis, yet prefer BX followed by KKR for greater flow and business model inflections. OZM will release 4Q results on 2/7 – we see outsized dividend likely.”
Och-Ziff Capital Management Group closed on Friday at $10.10.
Latest Ratings for OZM
|Jul 2016||Keefe Bruyette & Woods||Downgrades||Outperform||Market Perform|
|Jun 2016||Bank of America||Downgrades||Buy||Neutral|
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