Compass Point lowered the firm’s price target on Blue Owl Capital (OBDC) to $16.25 from $17 and keeps a Buy rating on the shares. Blue Owl is going to merge with Blue Owl Capital III (OBDE), with OBDC as the surviving entity, and over the next few quarters the arbitrage related to the expected merger may make expanding the valuation difficult, the analyst tells investors.
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Read More on OBDC:
- Blue Owl Capital price target lowered to $15.50 from $16.50 at Ladenburg
- Blue Owl Capital downgraded to Market Perform from Outperform at Raymond James
- Blue Owl Capital and Blue Owl Capital Corporation III sign merger agreement
- Blue Owl Capital Announces Strategic Merger and Advisory Revision
- Blue Owl Capital Corporation III Reports Second Quarter Net Investment Income Per Share of $0.41 and Net Asset Value Per Share of $15.56
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