Blue Owl Capital price target lowered to $16 from $17 at Truist

Truist lowered the firm’s price target on Blue Owl Capital (OBDC) to $16 from $17 and keeps a Buy rating on the shares as part of a broader research note on BDCs. The firm is updating its model to reflect the company’s Q3 results and revised guidance while also cutting its FY25 net interest income per share view by 6c to $1.52 to reflect lower assumed interest and fee income, mitigated by lower incentive fee expense, the analyst tells investors in a research note.