Barclays downgraded Blue Owl Capital (OWL) to Equal Weight from Overweight with a price target of $11, down from $15. The firm views consensus estimates for Blue Owl as too high and says the stock is now closer to fairly priced on an earnings growth basis. While it remains too early to determine the real AI impact to portfolio companies, Barclays lower business development company related earnings on lower flow assumptions and realization, the analyst tells investors in a research note.
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