KBW upgrades Blue Owl Capital to 'market perform'

Blue Owl Capital

21/02/2025 13:01

** KBW upgrades business development company Blue Owl
Capital  OBDC.N  to "market perform" from "underperform" rating
    ** OBDC provides direct lending solutions to U.S.
middle-market companies
    ** Brokerage says it's upgrading as the technical selling
pressure following the merger with OBDE did not materialize as
negatively as KBW anticipated
    ** KBW raises PT to $15.50 from $14, as brokerage is more
confident that co can trade at a valuation that is in line with
the sector 
    ** 7 of 11 brokerages rate the stock "buy" or higher, 3
"hold" and 1 "sell"; their median PT is $16.25 - LSEG data
    ** As of last close, stock up ~2.7% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.srivastava2@thomsonreuters.com))