Alliance Global analyst Gaurav Mehta lowered the firm’s price target on Eagle Point Credit (ECC) to $4.50 from $5 and keeps a Buy rating on the shares. The analyst updated the company’s model after Eagle Point issued an update for the March quarter. The macroeconomic and geopolitical uncertainty had a negative impact on the company’s net asset value, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ECC:
- Eagle Point Credit Issues Preliminary Q1 2026 NAV Update
- Eagle Point Credit Plans Full Redemption of Outstanding Notes
- Eagle Point Credit price target lowered to $4.25 from $7 at B. Riley
- Eagle Point Credit Issues February 2026 NAV Per-Share Estimate
- Eagle Point Credit price target lowered to $5 from $7 at Clear Street