JPMorgan lowered the firm’s price target on Blackstone Secured Lending Fund (BXSL) to $29 from $30.50 and keeps an Overweight rating on the shares as part of a Q3 preview for the business development company group. The sector continued to experience volatility in the quarter as capital markets have begun to weigh the impact of expected interest rate cuts by the Federal Reserve, the analyst tells investors in a research note.
Claim 55% 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:
- Blackstone Secured Lending Fund Holds Annual Shareholder Meeting
- Blackstone Secured Lending Fund initiated with a Buy at B. Riley
- Blackstone Secured Lending Fund initiated with a Neutral at UBS
- Hold Rating for Blackstone Secured Lending Fund Amidst Strong Credit Quality and Earnings Risks
- Blackstone Secured Lending Fund price target lowered to $32 from $33 at RBC Capital