BofA lowered the firm’s price target on Blue Owl Capital (OWL) to $27 from $29 and keeps a Buy rating on the shares. The firm expects Blue Owl to have a “decent” fundraising quarter, but be down quarter-over-quarter, the analyst tells investors in a Q3 preview for the asset manager group. The firm expects Q3inflows to be driven by outsized flows in the wealth products, the analyst added.
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