Banking, finance, and taxes
Och-Ziff Analyst Quiet Period Ends (OZM)
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Hedge find manager Och-Ziff Capital Management Group LLC (NYSE:OZM) has had an interesting post-IPO trading. It priced at $32.00, but units in the hedge fund manager have traded as far down as under $22.00 before the $27.81 close on Friday.
It’s interesting that December 24, a day when most traders are out and one of the most quiet trading days of the year, was the broker quiet period end. Below are the coverage call initiations we have seen this morning:
- Goldman Sachs initiated with Buy ($35 target);
- Keefe Bruyette initiated with Outperform ($33 target);
- Morgan Stanley initiated with Overweight;
- JP Morgan initiated with Overweight;
- Citigroup initiated with Hold ($29 target);
There are other calls that will be hit upon today and perhaps on Wednesday.
Jon C. Ogg
December 24, 2007
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