BUZZ-KBW upgrades Blue Owl Capital to 'market perform'

KBW upgrades business development company Blue Owl Capital OBDC.N to "market perform" from "underperform" rating

OBDC provides direct lending solutions to U.S. middle-market companies

Brokerage says it's upgrading as the technical selling pressure following the merger with OBDE did not materialize as negatively as KBW anticipated

KBW raises PT to $15.50 from $14, as brokerage is more confident that co can trade at a valuation that is in line with the sector

7 of 11 brokerages rate the stock "buy" or higher, 3 "hold" and 1 "sell"; their median PT is $16.25 - LSEG data

As of last close, stock up ~2.7% YTD