Carlyle Secured Lending initiated with a Market Perform at Citizens JMP

Citizens JMP analyst Brian McKenna initiated coverage of Carlyle Secured Lending (CGBD) with a Market Perform rating. The firm expanded its coverage of business development companies. It thinks the recent underperformance across the industry is largely unwarranted. The selloffs have created “another compelling longer-term buying opportunity in these stocks,” the analyst tells investors in a research note. Citizens sees a balanced risk/reward for Carlyle Secured.