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Downgrade Alert for Och-Ziff Capital Management Group (OZM)

By Nick Russo

Och-Ziff Capital Management Group (NYSE:OZM) was downgraded from Buy to Neutral at BofA/Merrill today. The stock closed yesterday at $3.74 on volume of 1.3 million shares, below average daily volume of 2.4 million.

Och-Ziff Capital Management Group manages hedge funds. The Company provides a variety of alternative asset management services for fund investors through locations in the United States, Europe, and Asia. Och-ziff Capital's investment strategies include private equity, real estate, and equity restructuring.

Potential upside of 149.6% exists for Och-Ziff Capital Management Group, based on a current level of $3.74 and analysts' average consensus price target of $9.33. Och-Ziff Capital Management Group shares should first meet resistance at the 50-day moving average (MA) of $4.09 and find additional resistance at the 200-day MA of $6.69.

In the past 52 weeks, shares of Och-Ziff Capital Management Group have traded between a low of $2.89 and a high of $13.49 and closed yesterday at $3.74, which is 29% above that low price. The 200-day and 50-day moving averages have moved 2.48% lower and 0.4% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Och-Ziff Capital Management Group and will alert subscribers who have OZM in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades och-ziff capital management group

Ticker(s): OZM