** 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
(Reporting by Prakhar Srivastava in Bengaluru)
((Prakhar.srivastava2@thomsonreuters.com))
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