RBC Capital downgraded Morgan Stanley Direct Lending (MSDL) to Sector Perform from Outperform with a price target of $18, down from $19. The firm believes Morgan Stanley Direct could generate net interest income return on equity closer to the lower end of the range for its business development company coverage in 2026. As such, RBC sees better relative value elsewhere in the group.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSDL:
- Morgan Stanley Direct Lending price target lowered to $18.50 from $20 at Keefe Bruyette
- Morgan Stanley Direct price target raised to $16.50 from $16 at JPMorgan
- Morgan Stanley Direct Lending Fund’s Balanced Earnings Call
- Morgan Stanley Direct Lending Fund Reports Q3 Results
- Morgan Stanley Direct Lending price target lowered to $18 from $19.50 at UBS