Evercore ISI analyst Glenn Schorr lowered the firm’s price target on Blue Owl Capital (OWL) to $19 from $21 and keeps an Outperform rating on the shares. Blue Owl’s latest earnings report was a mixed bag, with the stock dropping 4% post-announcement, partly due to external noise from a Wall Street Journal article on unrelated credit events, the analyst tells investors in a research note. The firm added, however, that the company’s core story remains strong, with growth in several key areas.
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