Blackstone Secured Lending Fund price target lowered to $32 from $33 at RBC Capital

RBC Capital lowered the firm’s price target on Blackstone Secured Lending Fund (BXSL) to $32 from $33 and keeps an Outperform rating on the shares. The firm is updating its model after the company’s Q2 results, noting that while its credit performance was still solid, its dividend coverage for 2026 is “likely in focus” given the rate outlook and the management comments suggesting that a decline in base rates would be a long-term sign to evaluate dividends, the analyst tells investors in a research note.