B. Riley analyst Sean-Paul Adams upgraded Oaktree Specialty Lending (OCSL) to Neutral from Sell with a price target of $14, down from $15, following a transfer in coverage. The firm transferred coverage of the business development companies. While credit trends remain broadly stable across most portfolios and dividend coverage “appears supported,” tighter spreads, lower prepayment activity, and “tapered” forecasts of origination activity are weighing modestly on near-term earnings visibility, the analyst tells investors in a research note. The firm’s Buy ratings reflect “differentiated” origination strategies, favorable returns on equity, and stable-to-improving portfolio metrics. Riley names Trinity Capital (TRIN), Sixth Street Specialty Lending (TSLX), and Blue Owl Capital (OBDC) its top BDC ideas.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OCSL:
- Oaktree Specialty Lending price target lowered to $13.50 from $15 at Keefe Bruyette
- Oaktree Specialty Lending Reports Q2 2025 Earnings
- Oaktree Specialty Lending Corp’s Mixed Earnings Call
- Oaktree Specialty Lending reports Q2 adjusted NII 45c, consensus 49c
- OCSL Upcoming Earnings Report: What to Expect?