BofA analyst Derek Hewett lowered the firm’s price target on Blackstone Secured Lending Fund (BXSL) to $29 from $33.50 and keeps a Buy rating on the shares. The firm, which adjusted its 2025 and 2026 EPS estimates after a Q3 beat, reduced its target and multiple due to industry multiple contraction related to lower rates and private credit concerns and a lower earnings forecast in 2026.
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