Wells Fargo analyst Finian O’Shea lowered the firm’s price target on Oaktree Specialty Lending to $20 from $21 and keeps an Overweight rating on the shares. Strong repayments and an outlook for higher originations cap off a solid 12% NOI ROE for Oaktree Specialty Lending’s fiscal ’23, despite lower leverage and a smaller proportion of fixed rate liabilities vs. peers, the firm notes.
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Read More on OCSL:
- Oaktree Specialty Lending reports Q4 adjusted NII 62c, consensus 63c
- Oaktree Specialty Lending Corporation Announces Fourth Fiscal Quarter and Full Year 2023 Financial Results and Declares Quarterly Distribution of $0.55 Per Share and Special Distribution of $0.07 Per Share
- Oaktree Specialty Lending Corporation Schedules Fourth Fiscal Quarter and Full Year 2023 Earnings Conference Call for November 14, 2023
