Carlyle Secured Lending price target lowered to $13 from $14 at Wells Fargo

Wells Fargo analyst Finian O’Shea lowered the firm’s price target on Carlyle Secured Lending (CGBD) to $13 from $14 and keeps an Equal Weight rating on the shares. Carlyle Secured Lending’s simplification should be a valuation positive, but makes the NOI stream harder to project in the interim, the firm says.