Sixth Street price target raised to $22 from $21 at B. Riley

B. Riley raised the firm’s price target on Sixth Street Specialty Lending to $22 from $21 and keeps a Buy rating on the shares following the Q2 report. The analyst says Sixth Street is likely to look to reduce its spillover income as part of its effort to manage capital and tax efficiency. With the 2023 consensus dividend estimate at $1.98, other analysts do not appear to have incorporated a special into the projected dividend stream, the analyst tells investors in a research note.