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Morgan Stanley Direct Lending price target lowered to $14 from $16 at Wells Fargo

Wells Fargo analyst Finian O’Shea lowered the firm’s price target on Morgan Stanley Direct Lending (MSDL) to $14 from $16 and keeps an Equal Weight rating on the shares. The firm says the company’s new dividend may find near-term support from a new JV, but SOFR and portfolio rotation into lower-spread assets may call for another re-assessment

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