Truist analyst Arren Cyganovich lowered the firm’s price target on Blue Owl Technology Finance (OTF) to $16 from $17 and keeps a Buy rating on the shares after its Q4 results. The firm is updating its model with higher top line and expenses as leveraged rose faster than expected, the analyst tells investors in a research note. Truist adds that the modest decline in estimate comes mainly from higher assumed debt costs and lower other income.
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