Piper Sandler raised the firm’s price target on Blue Owl Capital (OWL) to $25 from $23 and keeps an Overweight rating on the shares after Q3 results. Piper views the lower dividend guidance to be driven by factors the company can’t control including lower base rates and the forward curve, which negatively impacts Part I fees. Additionally, the firm anticipates the dividend guidance could prove conservative as lower rates should drive private equity deal activity in 2025, which is not contemplated in the outlook.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on OWL:
- Blue Owl Capital Reports Strong Q3 2024 Growth
- Blue Owl Capital reports Q3 distributable EPS 20c, consensus 20c
- Eldridge announces acquisition of 10% interest from Blue Owl GP Stakes Fund III
- Eldridge buys 10% of third Blue Owl fund, Bloomberg reports
- SOFI vs. UPST Stock: Which Online Lender is Best?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
