B. Riley analyst Sean-Paul Adams initiated coverage of Blackstone Secured Lending Fund (BXSL) with a Buy rating and $32 price target The shares trade at an 11% dividend yield, which represents “an unjustified price dislocation,” the analyst tells investors in a research note. The firm says Blackstone Secured’s credit metrics are materially better than the business development group average, and that the company has lower fees and consistent earnings coverage.
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