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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TCPC: