Sixth Street price target raised to $24 from $23 at Truist

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.