UPDATE: RBC Capital Upgrades Owl Rock (ORCC) to Outperform

RBC Capital analyst Kenneth Lee upgraded Owl Rock (NYSE: ORCC) from Sector Perform to Outperform with a price target of $15.00 (from $13.50).

The analyst comments "We are upgrading ORCC to Outperform (from Sector Perform) as strong originations in 4Q gives us greater confidence that ORCC will fully ramp up its portfolio, along with earnings power, by 2H. ORCC has a few other levers to potl increase NII including spread expansion through mix shift. Outstanding repurchase authorization could provide support. Revising PT to $15 (from $13.50)."

For an analyst ratings summary and ratings history on Owl Rock click here. For more ratings news on Owl Rock click here.

Shares of Owl Rock closed at $13.77 yesterday.

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