KBW Has Outperform On Och Ziff (OZM)

KBW has an Outperform rating and a $19 price target on shares of Och-Ziff Capital Mgmt OZM following earnings. In a note to investors, KBW writes, "Overall, it was a solid, largely as expected quarter helped by higher incentive income, as well as a lower than forecast tax rate. Performance in April and May 1 flows were positive. Modestly adjust estimates, no change to price target or Outperform rating. See PDF for delta sheet and model." Shares of OZM closed at $15.75 yesterday.