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Fly News Breaks for February 10, 2020
ORCC
Feb 10, 2020 | 07:56 EDT
Raymond James analyst Robert Dodd upgraded Owl Rock to Market Perform from Underperform. Dodd tells investors in a research note that he believes Owl Rock is likely to perform in line with the BDC group from its current level. While the lock-up overhang is likely to persist throughout 2020 given additional "unlocking" dates, the analyst says he believes the likelihood of material additional downward pressure on the stock is reduced at the current valuation.
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