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BlackRock TCP Capital price target lowered to $8.50 from $9 at Keefe Bruyette

Keefe Bruyette lowered the firm’s price target on BlackRock TCP Capital (TCPC) to $8.50 from $9 and keeps a Market Perform rating on the shares. BlackRock TCP had a “bad” quarter due to significant credit and net asset value deterioration, the analyst tells investors in a research note.

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