Morgan Stanley Downgrades Oaktree Capital Group Llc (OAK) to Hold


Morgan Stanley analyst Michael Cyprys downgraded Oaktree Capital Group Llc (OAK) to Hold today. The company’s shares closed yesterday at $49.24, close to its 52-week high of $49.61.

According to TipRanks.com, Cyprys is a 3-star analyst with an average return of 3.3% and a 54.8% success rate. Cyprys covers the Financial sector, focusing on stocks such as BrightSphere Investment Group plc, Apollo Global Management LLC, and Victory Capital Holdings Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oaktree Capital Group Llc with a $46 average price target, which is a -6.6% downside from current levels. In a report released today, Credit Suisse also maintained a Hold rating on the stock with a $43 price target.

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The company has a one-year high of $49.61 and a one-year low of $38.65. Currently, Oaktree Capital Group Llc has an average volume of 464.6K.

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Oaktree Capital Group LLC is an investment management company. It focuses on the investments in distressed debt, corporate debt, controls investing, convertible securities, real estate, and listed equities.

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