Citi analyst Arren Cyganovich raised the firm’s price target on Blackstone Secured Lending Fund to $30 from $28 and keeps a Buy rating on the shares. The company positive Q2 results, highlighted by continued yield expansion benefiting from higher base rates, largely stable credit trends with no newly added non-accruals during the quarter, and an increase in net asset value, the analyst tells investors in a research note.
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