JPMorgan lowered the firm’s price target on Morgan Stanley Direct Lending (MSDL) to $14 from $16.50 and keeps a Neutral rating on the shares. The firm reduced targets in the business development company space to reflect lower multiples and “higher scrutiny.”
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Read More on MSDL:
- Morgan Stanley Direct Lending price target lowered to $16 from $18 at RBC Capital
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