Compass Point analyst Amy DeBone has upgraded to "buy" from "neutral" after that the company enteredinto a deferred prosecution agreement with the Department of Justice and theSEC.
The reports indicated that a unit of the company will pleadguilty to bribing foreign officials. DeBone said the deferred prosecutionagreement is the best possible outcome, as any charges against the companywould be dismissed after a period if it stays compliant.
The analyst raised the price target on the company's stockto $5.00 from $4.50.
"Our revised price target reflects the fact that thesettlement does not include [Och-Ziff] being held criminally liable at theholding company level and allows for the charges to be dismissed after a periodof time," DeBone said.
The analyst's distributable EPS estimates are a loss of 58cents for 2016 and a gain of 66 cents for 2017.