Truist Financial Has Lowered Expectations for Blue Owl Capital (NYSE:OBDC) Stock Price

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Truist Financial has lowered its price target for Blue Owl Capital (NYSE:OBDC) from $16.00 to $15.00 but maintained a “buy” rating, indicating a potential upside of 30.7%. Other firms like Citizens, Wells Fargo, Keefe Bruyette & Woods, and RBC also trimmed their targets for the stock. Despite slightly beating EPS, Blue Owl Capital missed revenue estimates but announced a $300 million share buyback, suggesting management believes the stock is undervalued.

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