JP Morgan Maintains Overweight on Oaktree Specialty Lending, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Melissa Wedel maintains an Overweight rating on Oaktree Specialty Lending (OCSL) but lowers the price target from $21 to $20.
April 12, 2024 | 3:29 pm
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JP Morgan maintains an Overweight rating on Oaktree Specialty Lending but lowers the price target from $21 to $20.
The adjustment in price target by a major analyst like JP Morgan could have a mixed impact on OCSL's stock price. While maintaining an Overweight rating indicates a positive outlook on the stock, the reduction in price target might cause some investors to adjust their expectations for the stock's future performance downwards. However, the impact is likely to be moderate given that the rating remains positive.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100