BlackRock TCP Capital price target lowered to $6 from $6.50 at Wells Fargo

Wells Fargo analyst Finian P. O’Shea lowered the firm’s price target on BlackRock TCP Capital (TCPC) to $6 from $6.50 and keeps an Underweight rating on the shares. The firm says changes under BlackRock’s new PFS don’t seem to readily address the discounted valuation, and the dividend likely faces another leg down.