Dallas, Texas 03/20/2014 (FINANCIALSTRENDS) – Cowen Group Inc(NASDAQ:COWN) is a New York, headquartered financial service provider. The main line of service for the company is executed by means of a vast number of subsidiaries it holds. The company offers alternative investment management as well as research, besides sales including trading services for its two line of businesses.
The current line of analyst research it has offered is for the company Equity One (NYSE:EQY). The analyst has since issued an upgrade, indicating the company has a rich upside which will allow it to breach its earlier set targetprice of $22 to $23.50. Cowen has been positive of the potential upside the company holds, which is currently at 7.50%, way above the current price.
Cowen Group Inc(NASDAQ:COWN) first line of business is the Ramius LLC which along with its affiliates helps the company to offer a range of alternative investment as well as management services.
Cowen Group Inc(NASDAQ:COWN) second line of business which it conducts along with its affiliates offers a range of broker-dealer services.
Cowen Group Inc(NASDAQ:COWN) coverage of Equity One does take into account the selling of over 40,592 shares by one of the company’s major shareholder- ChaimKatzman, which happened on March 11, 2014, according to SEC results. Considering the fact that Katzman sold his shares at $22.80 per share and the value of the transaction is at $925, 497.60. For cowen’s research note, the background of the company in the real estate investment sector has been weighed. Its other strengths, including Equity One’s assets, manages, besides the line-up of assets it is likely to hold in the near future, has led to the research note.
Following the Cowen Group Inc(NASDAQ:COWN) coverage and upgrade, the shares of EQY have showed a price rise. There have been detractors on these conclusions, and a few other analysts have downgraded Equity One.