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Fidus Investment initiated with a Buy at Clear Street

Clear Street analyst Mickey Schleien initiated coverage of Fidus Investment (FDUS) with a Buy rating and $21 price target Fidus has “a strong track record” as a disciplined lower middle market lender, says the analyst, who views the company as positioned to achieve “attractive income for investors with capital appreciation potential.” Management emphasizes sponsor-backed companies in defensive sectors, which supports “sustainable returns,” the analyst added.

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