Citi raised the firm’s price target on Blackstone Secured Lending Fund to $28 from $26 and keeps a Buy rating on the shares. The company reported solid results, highlighted by continued yield expansion benefiting from higher base rates and stable credit trends with no nonaccruals at quarter end, the analyst tells investors in a research note. The firm believes Blackstone Secured should benefit from a continued rise in short-term interest rates.
Published first on TheFly
