Market Overview

J.P. Morgan Bullish on Och-Ziff Capital Management

Share:
Related OZM
Mid-Afternoon Market Update: NASDAQ Up Over 1%; MSC Industrial Shares Plummet
Mid-Day Market Update: Ocular Therapeutix Drops After Major Setback In Dextenza; I.D. Systems Shares Surge

In a research report published earlier today by J.P. Morgan, Och-Ziff Capital Management (NYSE: OZM) has strong fund performance, but tepid sales.

According to J.P. Morgan, "OZM fund performance remains solid in 2012, following solid returns in 2011 relative to peers. OZM continues to deliver good risk/adjusted returns, which is what it advertises to deliver to its customers. It is up ~5% this year versus the hedge fund peers (as measured by the HFR Global Index) up 3.3%. The Master Fund is fully invested, a vote of confidence in finding good long and short investments. Here we note management's timing of going to/from cash is particularly good, which is currently an indication that good returns should persist."

J.P. Morgan maintains its Overweight rating and $13 PT on Och-Ziff Management, which closed yesterday at $8.20.

Latest Ratings for OZM

DateFirmActionFromTo
Feb 2017JP MorganDowngradesOverweightNeutral
Nov 2016CitigroupUpgradesSellNeutral
Oct 2016Keefe Bruyette & WoodsMaintainsMarket Perform

View More Analyst Ratings for OZM
View the Latest Analyst Ratings

Posted-In: J.P. MorganAnalyst Color Reiteration Analyst Ratings

 

Related Articles (OZM)

View Comments and Join the Discussion!