Market Overview

UPDATE: Deutsche Bank Reiterates on Oaktree Capital Group LLC on Mixed Factors

Related OAK
4 Asset Managers to Count on This Earnings Season (revised)
4 Asset Managers to Count on This Earnings Season - Earnings ESP

In a report published Wednesday, Deutsche Bank analyst Brian Bedell reiterated a Buy rating on Oaktree Capital Group LLC (NYSE: OAK), but lowered the price target from $69.00 to $65.00.

In the report, Deutsche Bank noted, “After especially strong 4Q earnings reports in Jan-Feb, the weaker market in 1Q14 and slower realization activity should drive sequential median declines of 30-40% across ENI, DE & Distribution for the Alts. However, with the Alts stocks down a median 10% vs. pre-4Q earnings season (1/24/14), substantially underperforming asset managers (-1%) and the S&P 500 (+3%), the stocks are broadly poised to at least modestly outperform should equity markets avoid further declines over next 2-3 weeks. We think cheaper valuation amid consistent growth stories (barring a prolonged market correction) will be the primary catalysts.”

Oaktree Capital Group LLC closed on Tuesday at $52.62.

Latest Ratings for OAK

DateFirmActionFromTo
Sep 2014Deutsche BankMaintainsBuy
Jul 2014JP MorganMaintainsNeutral
Jul 2014Deutsche BankMaintainsBuy

View More Analyst Ratings for OAK
View the Latest Analyst Ratings

Posted-In: Brian Bedell Deutsche BankAnalyst Color Price Target Reiteration Analyst Ratings

 

Related Articles (OAK)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters