As previously reported, Wells Fargo analyst Finian O’Shea downgraded Blackstone Secured Lending Fund (BXSL) to Underweight from Equal Weight with a price target of $24, down from $26, on a near-book valuation, which soon may be tested by its first dividend cut. An M&A comeback and slower wealth channel flows may lessen the Spreadwinds, but for now the firm sees one more year of earnings turbulence.
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Read More on BXSL:
- Blackstone Secured downgraded to Underweight from Equal Weight at Wells Fargo
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