Truist raised the firm’s price target on Sixth Street (TSLX) to $24 from $23 and keeps a Buy rating on the shares. The firm cites the company’s Q4 earnings beat while noting its expectations for the stock to trade at 1.37-times its forecasted 2026 net asset value, which is a premium to larger peers’ 1.1-times due to the high risk-adjusted returns on the company’s portfolio as well as the quality of the platform, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSLX:
- Sixth Street price target raised to $23 from $21.50 at Keefe Bruyette
- Sixth Street Specialty Lending Reports Solid 2024 Earnings
- Sixth Street Specialty Lending Sees Strong 2024 Earnings
- Sixth Street downgraded to Neutral from Buy at Ladenburg
- Sixth Street Specialty Lending Reports 2024 Financial Results
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue