Wells Fargo cuts target for Carlyle Secured Lending stock to USD 11
Published on 10/06/2026 at 09:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Carlyle Secured Lending (US8722801029) was trading at EUR 9.43 at Lang & Schwarz on October 6, 2026 at 9:00 a.m. CEST, plus 0.21 percent versus the prior close of EUR 9.41. According to Investing.com on September 29, 2026, Wells Fargo downgraded Carlyle Secured Lending from Overweight to Equal Weight and cut its price target from USD 12.00 to USD 11.00.
Leverage drives the rating reset
Wells Fargo cited the company's 1.20 times debt-to-equity ratio and estimated effective leverage of 2.30 times in its assessment. The bank also pointed to a 1.50 percent base fee and borrowing costs above the benchmark rate as constraints on incremental leverage, according to Investing.com.
The revised USD 11.00 target remains above the USD 10.56 primary-market quote shown for October 5, 2026, but that comparison uses different currencies from the Lang & Schwarz reference price. The distinction matters because CGBD's German-trading quote is the relevant euro measure for local investors.
Second-quarter earnings cover the payout
Yahoo Finance lists USD 62.09 million of revenue and USD 60,000 of consolidated net loss for the second quarter of 2026. Earnings per share came in at USD 0.35 against a USD 0.31 estimate, a 12.90 percent premium to consensus.
The income profile is closely tied to the distribution. MarketBeat reported that Carlyle Secured Lending declared a USD 0.35 quarterly dividend payable on October 16, 2026. The same report identified a USD 1.40 annualized payout and a 13.00 percent dividend yield.
EUR 9.43 in morning trading
CGBD was trading at EUR 9.43 at Lang & Schwarz on October 6, 2026 at 9:00 a.m. CEST, up 0.21 percent from the EUR 9.41 prior close dated October 5, 2026. MarketBeat lists a USD 732.8 million market capitalization and a USD 9.94 to USD 13.28 52-week range as of October 5, 2026.
Carlyle Secured Lending market snapshot
- Company: Carlyle Secured Lending, Inc.
- ISIN: US8722801029
- Ticker: CGBD
- Primary exchange: NASDAQ
- Price Lang & Schwarz (as of October 6, 2026, 9:00 a.m. CEST): EUR 9.43
- Change versus prior close: plus 0.21 percent
- Prior close Lang & Schwarz (October 5, 2026): EUR 9.41
- Market capitalization: USD 732.8 million (as of October 5, 2026)
- 52-week range: USD 9.94-13.28 (as of October 5, 2026)
- Sector / Industry: Financial Services / Asset Management
