JP Morgan Downgrades Carlyle Secured Lending to Underweight, Announces $17 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Melissa Wedel has downgraded Carlyle Secured Lending (NASDAQ:CGBD) from Neutral to Underweight and set a price target of $17.
July 29, 2024 | 11:53 am
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JP Morgan analyst Melissa Wedel downgraded Carlyle Secured Lending from Neutral to Underweight and set a price target of $17.
The downgrade from Neutral to Underweight by a major financial institution like JP Morgan is likely to negatively impact investor sentiment and could lead to a short-term decline in CGBD's stock price. The $17 price target also suggests limited upside potential.
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