Wells Fargo analyst Finian O’Shea upgraded Blue Owl Capital (OBDC) to Equal Weight from Underweight with a price target of $15, up from $14. The firm cites the company’s recent credit experience for the upgrade. Relatively good performance has been demonstrated through Blue Owl’s first major vintage challenge, the analyst tells investors in a research note. Wells says that despite its static book, the company’s net asset value has held up since the end of 2021.
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