JMP Securities analyst Brian McKenna raised the firm’s price target on Blue Owl Capital (OBDC) to $17 from $16.50 and keeps an Outperform rating on the shares. The firm has conviction in the longer-term trajectory of Blue Owl Capital, telling investors that given the recently completed merger, the next chapter has formally commenced. A number of strategic benefits exist within the transaction, but Blue Owl now has even more scale, diversification, and simplicity as a public direct lending vehicle, the firm says.
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Read More on OBDC:
- Blue Owl Capital sees Q4 NII 47c, consensus 46c
- Blue Owl Capital participates in a conference call with JMP Securities
- Blue Owl Capital Strengthens Position with Major Merger
- Blue Owl Capital Announces Merger and Dividend Plans
- Blue Owl Capital and Blue Owl Capital Corporation III obtain approval for merger