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Fly News Breaks for December 7, 2018
OZM
Dec 7, 2018 | 08:00 EDT
Citi analyst William Katz opens a "90 Day Positive Catalyst Watch" on Och-Ziff Capital while raising his price target for the shares to $4.25 from $3.00. Despite the 25% jump in the shares yesterday, the analyst still sees a path for Och-Ziff to "almost triple" by 2020 given the recent strategic plan announcements. He's encouraged by the more shareholder-friendly approach towards corporate governance and believes the changes will drive increased interest and upside in the stock.
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