Carlyle Secured Lending price target raised to $17 from $16 at Citi

Citi analyst Arren Cyganovich raised the firm’s price target on Carlyle Secured Lending to $17 from $16 and keeps a Buy rating on the shares. The company reported strong Q4 results with a net interest margin beat, stable credit trends and an increase to net asset value per share, the analyst tells investors in a research note. The firm says the increase in both base and supplemental dividends was a positive highlighting management’s confidence in the portfolio’s earnings power ahead.