Blue Owl Capital upgraded to Market Perform from Underperform at Keefe Bruyette

Keefe Bruyette upgraded Blue Owl Capital (OBDC) to Market Perform from Underperform with a price target of $15.50, up from $14. The company reported a “stable” quarter and the technical selling pressure following the merger did not materialize as negatively as anticipated, the analyst tells investors in a research note. As such, Keefe is now more confident Blue Owl can trade in line with sector valuations.