As previously reported, Wells Fargo analyst Finian O’Shea upgraded Blue Owl Technology Finance (OTF) to Overweight from Equal Weight with a $15 price target The firm cites its discounted valuation vs. its clean credit profile and newer vintage loan book. It also has a relatively unique setup given its current leverage position, which allows for optionality to show better-than-peer NOI trajectory through deployment if opportunities present, Wells adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 upgraded to Overweight at Wells Fargo
- Blue Owl Technology Finance management to meet with Truist
- Blue Owl Technology Finance management to meet with Oppenheimer
- Blue Owl Technology Finance initiated with a Neutral at BofA
- Blue Owl Technology Finance initiated with a Hold at Clear Street