Blackstone Secured Lending Fund Stock Deserves A Premium, Says Analyst
1. BXSL has underperformed peers by 10% year-to-date despite strong metrics. 2. Analyst initiates Buy rating with a $32 price target for BXSL. 3. Current valuation is around 1.0x price-to-NAV with an 11% dividend yield. 4. BXSL's credit profile is robust, with very low nonaccruals at 0.3%. 5. NAV stability and prudent leverage support a positive investment outlook.