Blue Owl Capital dips as Deutsche Bank downgrades stock

Alternative asset manager Blue Owl Capital's OWL.N shares fall 2.2% to $10.21 premarket

Deutsche Bank downgrades OWL to "hold" from "buy"; cuts PT to $10 from $15, a 4% discount to stock's last close

OWL stock has sunk 15% over the last week as its latest strategy to return capital from a small debt fund spooked some investors

Says high investor anxiety will drive modest increase in redemption requests for many retail credit products and reduce new sales

Brokerage also reduces estimates for OWL given the contribution of retail schemes to its total fee-paying assets under management

12 of 16 brokerages rate the stock "buy" or higher and four "hold"; median PT $15 - data compiled by LSEG

As of last close, OWL stock down 30% YTD