Evercore ISI raised the firm’s price target on Blue Owl Capital to $18 from $17 and keeps an Outperform rating on the shares after what the firm calls “a strong quarter to close out the year with impressive organic growth.” The firm notes that Blue Owl spent some time framing the “handful of things that have to happen” to get to its goal of a $1 dividend in or around 2025 and the firm contends that “not that much has to happen for it” while adding “we’re still on board for the flight.”
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