B. Riley Securities Downgrades Blue Owl Capital to Neutral, Announces $15.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Bryce Rowe has downgraded Blue Owl Capital (NYSE:OBDC) from Buy to Neutral and set a price target of $15.5. This change reflects a revised outlook on the company's stock by the analyst.
January 08, 2024 | 3:08 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Blue Owl Capital was downgraded by B. Riley Securities from Buy to Neutral with a new price target of $15.5, indicating a more cautious stance on the stock's future performance.
Downgrades by analysts typically lead to a negative short-term impact on the stock price as they suggest a less optimistic view of the company's future performance and valuation. The new price target of $15.5 also provides a benchmark that may influence investor expectations and trading behavior.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100