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

. 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.