Wells Fargo analyst Finian P. O’Shea upgraded Morgan Stanley Direct Lending (MSDL) to Overweight from Equal Weight with an unchanged price target of $17. The shares are “compelling” at current levels, trading at 0.79-times net asset value, the analyst tells investors in a research note. Wells believes Morgan Stanley Direct Lending has structural return “protections” through the credit lookback and a lower expense base relative to peers.
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 $16 from $18 at JPMorgan
- Morgan Stanley DLF Amends Credit Agreement with BNP
- Morgan Stanley Completes $401.2 Million Debt Securitization
- Morgan Stanley Direct Lending price target lowered to $19 from $21 at RBC Capital
- Morgan Stanley Direct Lending Fund Balances Growth and Challenges in Latest Earnings Call