Blackstone Secured Lending Fund price target lowered to $30 from $32 at B. Riley

B. Riley lowered the firm’s price target on Blackstone Secured Lending Fund (BXSL) to $30 from $32 and keeps a Buy rating on the shares. Q3 results were strong, with net interest income surpassing estimates, while NAV/share declined slightly to $27.15 due to net realized and unrealized losses, the analyst tells investors in a research note. Credit quality remained solid, the portfolio expanded significantly, and a 4Q25 dividend of 77c was announced, though the price target was lowered on more conservative credit cost assumptions, the firm says.