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Fly News Breaks for March 20, 2018
OMAM
Mar 20, 2018 | 06:43 EDT
Citi analyst William Katz attributes the 8% year-to-date pullback in shares of OM Asset Management to the overhang of HNA Capital's ownership amid negative media articles on HNA. He believes a selldown of HNA's U.S. stake could unlock "substantial value" and be a "major catalyst" for the shares. The analyst notes his price target of $25 represents 60% upside from current share levels. He keeps a Buy rating on OM Asset Management.
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