BofA upgraded Blackstone Secured Lending Fund (BXSL) to Buy from Neutral with a price target of $32, up from $30, following what the firm calls “another strong quarter” for business development companies, or BDCs. The firm’s more optimistic view is due to stronger core EPS and relatively stable credit given the improving investment outlook, says the analyst in a note on the group in which the firm also upgraded Golub Capital (GBDC).
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BXSL: