In a report released yesterday, Devin Ryan from JMP Securities reiterated a Buy rating on Cowen Group (COWN – Research Report), with a price target of $60.00. The company’s shares closed last Friday at $24.04, close to its 52-week low of $21.36.
According to TipRanks.com, Ryan is a 5-star analyst with an average return of 10.9% and a 50.6% success rate. Ryan covers the Financial sector, focusing on stocks such as Sixth Street Specialty Lending, Oaktree Specialty Lending, and Pennantpark Floating Rate.
The word on The Street in general, suggests a Hold analyst consensus rating for Cowen Group with a $45.75 average price target.
The company has a one-year high of $42.20 and a one-year low of $21.36. Currently, Cowen Group has an average volume of 459.9K.
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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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