Kayne Anderson BDC price target raised to $18 from $17 at RBC Capital

RBC Capital raised the firm’s price target on Kayne Anderson BDC (KBDC) to $18 from $17 and keeps an Outperform rating on the shares after its Q3 results. The company continues to ramp up its portfolio to target leverage, and its core Middle Market segment opportunities still seem attractive, according to its management, the analyst tells investors in a research note. Kayne Anderson also pays out an attractive dividend yield of about 10%-11%, with potential for special dividends in 2025, RBC adds.