BofA analyst Derek Hewett initiated coverage of Blue Owl Technology Finance (OTF) with a Neutral rating and $15 price target The firm thinks Blue Owl is well positioned to accelerate portfolio growth as traditional lenders have de-emphasized middle market lending, but profitability should lag peers for “the foreseeable future,” the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OTF:
- Blue Owl Technology Finance initiated with a Hold at Clear Street
- Blue Owl Technology Waives Stock Transfer Restrictions
- Blue Owl Technology Finance announces partial early lock-up release
- Blue Owl Technology Signs Tripartite Agreement
- Blue Owl Technology Finance reports Q2 adjusted NII 36c, consensus 33c