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Citigroup Reiterates Buy Rating, $12 PT on Och-Ziff Capital Management Group After Solid Monthly Disclosure

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UPDATE: Keefe, Bruyette & Woods Upgrades Och-Ziff Capital Management Group LLC On Improved Risk/Reward

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

DateFirmActionFromTo
Oct 2014Keefe Bruyette & WoodsMaintainsOutperform
May 2014Keefe Bruyette & WoodsUpgradesMarket PerformOutperform
May 2014CitigroupMaintainsBuy

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Posted-In: CitigroupAnalyst Color Reiteration Analyst Ratings

 

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