Blue Owl downgraded to Underperform from Market Perform at Keefe Bruyette

Keefe Bruyette downgraded Blue Owl Capital (OBDC) to Underperform from Market Perform with a price target of $14, down from $15.50. The firm sees potential selling pressure post the merger close and a reduced return on equity. Keefe expects a short-term period of underperformance from Blue Owl Capital shareholder selling pressure.