Blackstone Secured Lending Fund (BXSL) Initiated with a Hold at J.P. Morgan

Blackstone Secured Lending Fund (BXSL) Initiated with a Hold at J.P. Morgan notes that J.P. Morgan analyst Melissa Wedel assigned Blackstone Secured Lending Fund a Hold rating. The report says Wedel set a price target of $24.50, and that the initiation occurred yesterday. TipRanks details cited in the article describe Wedel as a 4-star analyst with an average return of 6.9% and a 57.89% success rate, while also stating she focuses on the Financial sector, including Blackstone Secured Lending Fund. The piece also references another initiation by Oppenheimer on July 23, which set a Hold rating with a $25.00 target. In the company’s latest earnings release for the quarter ended March 31, Blackstone Secured Lending Fund reported revenue of $328.47 million and net profit of $25.25 million, versus $251.3 million in revenue and $149.81 million in net profit last year.