Eagle Point Credit initiated with a Buy at Clear Street

Clear Street initiated coverage of Eagle Point Credit (ECC) with a Buy rating and $7.50 price target near-term headwinds persist as tight loan spreads pressure collateralized loan obligation equity yields and valuations, the analyst tells investors in a research note. The firm added, however, that Eagle’s scale, manager relationships, and ability to selectively participate in CLO formation and refinancing position it to benefit from potential loan market rebalancing in 2026.