Fortress Investment Group’s (FIG) Price Target Lowered

Analyst Daniel Fannon at Jefferies & Company, Inc. has lowered the price target for Fortress Investment Group LLC (NYSE: FIG) from $5 to $4.50.

According to Jefferies, the industry trends for Fortress are improving, however the outlook for fee generation remains uncertain, and investment opportunities, and capital raising opportunities are still limited. Jefferies believes there are more attractive investment options than Fortress in the alternative asset management universe.

Jefferies continues to rate Fortress Investment Group as a Hold.