Truist Financial analyst Mark Hughes maintained a Buy rating on Blackstone Secured Lending Fund (BXSL – Research Report) today and set a price target of $33.00. The company’s shares closed yesterday at $31.88.
According to TipRanks, Hughes is a top 25 analyst with an average return of 18.2% and a 75.49% success rate. Hughes covers the Financial sector, focusing on stocks such as Kinsale Capital Group, Arthur J Gallagher & Co, and Fidelity National Financial.
Currently, the analyst consensus on Blackstone Secured Lending Fund is a Strong Buy with an average price target of $31.59, implying a -0.91% downside from current levels. In a report released on May 8, J.P. Morgan also maintained a Buy rating on the stock with a $32.00 price target.
The company has a one-year high of $32.67 and a one-year low of $22.49. Currently, Blackstone Secured Lending Fund has an average volume of 865.9K.
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Blackstone Secured Lending Fund (BXSL) Company Description:
Blackstone Secured Lending Fund is a specialty finance company that invests primarily in the debt of private U.S. companies. It focus on investing in privately originated senior secured loans which are generally debt instruments that pay floating interest rates and rank ahead of subordinated debt and equity, where we believe lender protections are stronger and offer superior return opportunities as compared to broadly syndicated loans and public market debt instruments.
