TD Cowen Downgrades Blue Owl Cap to Hold, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Bill Kirk has downgraded Blue Owl Capital (NYSE: OWL) from Buy to Hold and lowered the price target from $21.5 to $19.
July 08, 2024 | 10:58 am
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TD Cowen analyst Bill Kirk has downgraded Blue Owl Capital from Buy to Hold and reduced the price target from $21.5 to $19, indicating a less optimistic outlook for the stock.
The downgrade from Buy to Hold and the reduction in the price target suggest that the analyst sees less upside potential for Blue Owl Capital in the near term. This could lead to a negative sentiment among investors, potentially causing a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100