UPDATE: Bank of America Merrill Lynch Lowers PO on Och-Ziff Capital Management Group to $19

Bank of America Merrill Lynch is out with its report today on Och-Ziff Capital Management Group OZM, lowering its PO from $20 to $19. In a note to clients, Bank of America Merrill Lynch writes, "Trimming ests and our PO to $19 from $20 to reflect lower than expected July AUM, but we do not see this as a lasting slowdown, given continued outperformance by OZM's key strategy." Bank of America Merrill Lynch maintains Buy on OZM. Shares of OZM closed Tuesday at $14.08, down 1.26% from Friday's close.