Fidus Investment price target lowered to $22 from $23 at Raymond James

Raymond James lowered the firm’s price target on Fidus Investment (FDUS) to $22 from $23 and keeps an Outperform rating on the shares. Fidus had an “excellent” quarter of earnings with growing net asset value per share in a quarter where many of its peers saw declining NAV, the analyst tells investors in a research note. The firm sees an attractive risk/reward.