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Cowen Group (COWN) Receives a Buy from JMP Securities

In a report issued on July 12, Devin Ryan from JMP Securities maintained a Buy rating on Cowen Group (COWNResearch Report), with a price target of $60.00. The company’s shares closed last Friday at $32.75.

According to TipRanks.com, Ryan is a 5-star analyst with an average return of 12.7% and a 56.4% success rate. Ryan covers the Financial sector, focusing on stocks such as Sixth Street Specialty Lending, Perella Weinberg Partners, and Oaktree Specialty Lending.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cowen Group with a $58.50 average price target, implying an 81.5% upside from current levels. In a report issued on July 5, Piper Sandler also maintained a Buy rating on the stock with a $58.00 price target.

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The company has a one-year high of $41.05 and a one-year low of $21.36. Currently, Cowen Group has an average volume of 669.7K.

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Cowen, Inc. is a financial services company, which provides alternative investment management, investment banking, research, and sales, and trading services. It operates through following the segments: Investment Management and Investment Bank. The Investment segment includes advisers to investment funds, managed accounts, registered funds and a significant portion of the company’s proprietary capital. The Investment Bank segment offers industry focused investment banking for growth-oriented companies including advisory and global capital markets origination and domain knowledge-driven research, sales and trading platform for institutional investors, global clearing and commission management services and also a comprehensive suite of prime brokerage services. The company was founded in 1918 and is headquartered in New York, NY.

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