Wells Fargo Maintains Underweight on Blue Owl Capital, Raises Price Target to $14.5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Timothy O'Shea has maintained an Underweight rating on Blue Owl Capital (NYSE:OBDC) but increased the price target from $13 to $14.5.
January 29, 2024 | 2:50 pm
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Wells Fargo maintains an Underweight rating on Blue Owl Capital but raises the price target from $13 to $14.5, indicating a potential downside risk but with a slightly more positive outlook.
The Underweight rating suggests that Wells Fargo analysts believe OBDC may underperform the broader market or its sector. However, the increase in the price target implies a slightly more optimistic view of the company's potential, albeit still cautious. This could lead to short-term negative sentiment among investors who may see the Underweight rating as a dominant factor.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100