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Stock Market & Financial Investment News

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April 29, 2014
06:15 EDTOZMOch-Ziff Capital pullback looks overdone, says Citigroup
Citigroup views yesterday's pullback in shares of Och-Ziff Capital after the Wall Street Journal noted the SEC and Justice Department are investigating the company's loans made for African oil and mining deals as overdone. Citi notes the sell-off lowered Och-Ziff's market capitalization by $600M despite $225M of loans that were subsequently re-paid. Citi sees see little economic impact from the investigations and keeps a Buy rating on the stock with a $17.50 price target.
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