RBC Capital lowered the firm’s price target on Kayne Anderson BDC (KBDC) to $16 from $17 but keeps an Outperform rating on the shares after its Q3 results. The firm is gaining greater appreciation for Kayne Anderson’s ability to grow net interest income in the near term as it ramps up portfolio leverage while the management indicates that it can maintain base dividend for “foreseeable” future, the analyst tells investors in a research note.
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