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Fly News Breaks for August 14, 2018
OAK
Aug 14, 2018 | 07:50 EDT
Morgan Stanley analyst Michael Cyprys lowered his price target for Oaktree Capital to $48 from $51 but maintained an Overweight rating, telling investors in a research note that he views Oaktree as the "defensive play" in the alternative asset manager space given its distressed investing focus and "ample" dry powder that should drive over 50c of earnings power once activated.
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