UPDATE: Oppenheimer Raises PT to $9.50 on Fortress Investment Group after Outstanding Q4 Results
February 28, 2013 at 10:25 AM EST
Oppenheimer maintained Fortress Investment Group (NYSE: FIG ) with an Outperform rating and raised the price target from $8.50 to $9.50. Oppenheimer said, "Fortress reported an outstanding 4Q12 with pre-tax istributable earnings (DE) of $0.20 per share vs. our $0.12 estimate. The beat came primarily on better than expected incentive