Blue Owl Technology Finance initiated with a Hold at Clear Street

Clear Street analyst Mickey Schleien initiated coverage of Blue Owl Technology Finance (OTF) with a Hold rating and $15 price target The firm says Blue Owl Technology is the largest technology-focused business development company. While the company has strong fundamentals, the stock’s near-term upside will constrained by its under-leverage, limited float, and shareholder lock-up expirations, the analyst tells investors in a research note.