Carlyle Secured Lending (<a>NASDAQ:CGBD</a> – <a>Get Free Report</a>) was upgraded by analysts at <a>Wells Fargo &amp; Company</a> from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Friday, <a>Marketbeat.com</a> reports. The brokerage currently has a $15.00 price target on the stock, up from their prior price target of $13.00. <a>Wells Fargo &amp; Company</a>‘s price objective indicates a potential upside of 5.63% from the company’s previous close.\n\nA number of other research firms have also recently issued reports on CGBD. Raymond James Financial started coverage on shares of Carlyle Secured Lending in a research report on Thursday, July 17th. They set a “market perform” rating for the company. JPMorgan Chase &amp; Co. lowered their price objective on shares of Carlyle Secured Lending from $17.00 to $14.00 and set an “underweight” rating for the company in a research report on Thursday, April 24th. B. Riley upgraded shares of Carlyle Secured Lending to a “hold” rating in a research report on Monday, June 16th. Finally, Oppenheimer lowered their price objective on shares of Carlyle Secured Lending from $17.00 to $15.00 and set a “market perform” rating for the company in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $15.25.\n\nCarlyle Secured Lending (<a>NASDAQ:CGBD</a> – <a>Get Free Report</a>) last issued its earnings results on Tuesday, May 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.02). Carlyle Secured Lending had a return on equity of 10.49% and a net margin of 32.72%. The business had revenue of $54.60 million for the quarter, compared to analyst estimates of $55.50 million. Sell-side analysts forecast that Carlyle Secured Lending will post 1.97 earnings per share for the current fiscal year.\n\nCarlyle Secured Lending, Inc is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector.

Wells Fargo & Company Upgrades Carlyle Secured Lending (NASDAQ:CGBD) to Overweight

Wells Fargo & Company upgraded Carlyle Secured Lending (NASDAQ:CGBD) from an 'equal weight' rating to 'overweight' with a $15.00 price target, indicating a 5.63% potential upside. Other analysts, including Raymond James Financial, JPMorgan Chase & Co., and B. Riley, have issued varying ratings and price targets. Carlyle Secured Lending reported Q1 earnings of $0.41 EPS, missing estimates, with revenue of $54.60 million. The company specializes in secured lending and invests in middle-market sectors like healthcare, aerospace, and real estate.