Lucid Capital initiated coverage of Eagle Point Income (EIC) with a Buy rating and $15 price target The firm says the company’s management and “differentiated investment strategy” make it well positioned to capitalize on collateralized loan obligation debt and equity investment opportunities. Lucid sees an attractive entry point at current share levels.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EIC: