Eagle Point Credit price target lowered to $7 from $10 at B. Riley

B. Riley analyst Timothy D’Agostino lowered the firm’s price target on Eagle Point Credit (ECC) to $7 from $10 and keeps a Buy rating on the shares. Despite recent NAV declines averaging 17% across coverage, attractive entry points remain due to discounts to NAV and high dividend yields, the analyst tells investors in a research note. Portfolio cash flows, refinancing, and reset activities are expected to support NAV stabilization and dividend coverage, with most funds maintaining or confirming dividends into 1Q26, while leveraged loan defaults remain below long-term averages and spreads should stabilize as refinancings progress, the firm says.