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Investing.com - JMP Securities raised its price target on Sixth Street Specialty Lending (NYSE:TSLX) to $25.00 from $24.00 on Wednesday, while maintaining its Market Outperform rating on the stock. The company, currently trading at $23.75, has demonstrated strong momentum with a 16.83% return year-to-date and maintains an impressive 8.72% dividend yield.
The price target increase follows what JMP described as "impressive results" from the business development company, highlighting a 15% GAAP net income return on equity.
JMP noted that Sixth Street’s underlying performance and shareholder returns remain "quite differentiated and largely uncorrelated to the broader BDC industry," which could become increasingly important as the credit cycle progresses.
The research firm emphasized the competitive nature of the private credit market, suggesting Sixth Street’s differentiated approach provides an advantage in this environment.
JMP concluded that Sixth Street remains a stock it wants to own throughout market cycles, specifically citing the company’s "ability to deliver differentiated performance and industry-leading ROEs in any/all market environments."
In other recent news, Sixth Street Specialty Lending, Inc. reported its Q2 2025 earnings, exceeding Wall Street’s forecasts. The company announced an earnings per share (EPS) of $0.56, which was above the expected $0.53, representing a 5.66% positive surprise. Revenue for the quarter reached $115 million, surpassing the anticipated $110.94 million. These results highlight a stronger-than-expected financial performance for the company. There were no announcements regarding mergers. Analyst upgrades or downgrades were not mentioned in the recent updates. This recent financial disclosure provides investors with valuable insights into the company’s current fiscal health.
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