Carlyle Secured Lending price target lowered to $16 from $17 at Wells Fargo

Wells Fargo analyst Finian O’Shea lowered the firm’s price target on Carlyle Secured Lending (CGBD) to $16 from $17 and keeps an Equal Weight rating on the shares. CGBD’s 2L book and Credit Fund portfolios have driven lower embedded returns into a declining base rate environment, the firm says.