Keefe Bruyette downgraded Oaktree Specialty Lending to Market Perform from Outperform with a price target of $19, down from $22. The analyst cites the “unexpected and sizable” credit issues this quarter for the downgrade. This will limit upside to the stock until investors get more confidence in the portfolio, which will take multiple quarters to achieve, the analyst tells investors in a research note.
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Read More on OCSL:
- Oaktree Specialty Lending Corporation Announces First Fiscal Quarter 2024 Financial Results and Declares Quarterly Distribution of $0.55 Per Share
- OCSL Earnings this Week: How Will it Perform?
- Oaktree Specialty Lending management to meet with Oppenheimer
- Oaktree Specialty Lending downgraded to Neutral from Buy at B. Riley
- Oaktree Specialty Lending Corporation Schedules First Fiscal Quarter Earnings Conference Call for February 1, 2024
