Wells Fargo & Company upgraded Carlyle Secured Lending (NASDAQ:CGBD) to "Overweight" with a target price of $15.00, suggesting a potential 6.72% upside from its previous close. The company reported earnings of $0.41 per share, missing expectations, with an average target price of $15.25. Analyst ratings on the stock are mixed, with an average rating of "Hold". The stock traded up 1.7% to $14.20, with a market cap of $723.63 million and a 12-month high of $18.64. The company also announced a quarterly dividend of $0.40, with an annualized yield of 11.27%.

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.

Raymond James Financial started coverage on Carlyle Secured Lending (NASDAQ:CGBD), issuing a market perform rating. Analysts have adjusted target prices and ratings for the company, with a consensus rating of 'Hold' and an average target price of $14.75. The stock fell 1.3% to $13.97, with institutional investors modifying their holdings. The company reported $0.41 EPS for the quarter, missed expectations, and declared a $0.40 quarterly dividend.

Carlyle Secured Lending's portfolio quality deteriorated in Q1 2025, with non-accruals rising and net investment income dropping 25% YoY. The dividend payout ratio hit 100% (112.5% including supplemental), erasing the margin of safety and making the 12% yield unsustainable. The company trades at a 17% discount to NAV, reflecting market concerns about credit quality and dividend sustainability; a dividend cut appears likely. The author downgrades the rating to 'Hold' and recommends a wait-and-see approach.

The BDC sector experienced a 2% weekly decline but remained up 2.5% month-to-date, with valuations 5% below historic averages. Credit stress in direct lending markets was highlighted, but interest income offset markdowns and non-accruals, supporting solid total NAV returns. Performance divergence increased, emphasizing the importance of focusing on stable BDCs. Carlyle Secured Lending was re-initiated after a previous exit due to attractive valuation.