RBC Capital lowered the firm’s price target on Blackstone Secured Lending Fund (BXSL) to $29 from $32 and keeps an Outperform rating on the shares after its Q3 results. Positively, the company’s credit performance was still solid and non-accruals are still de minimis, the analyst tells investors in a research note. RBC warns however that Blackstone Secured Lending Fund may reduce common dividends modestly sometime in 2026 given potential base rate reductions.
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