Lucid Capital initiated coverage of FS KKR Capital (FSK) with a Neutral rating and $18 price target The company is in a cycle of net asset value erosion due to elevated non-accruals and investment losses, the analyst tells investors in a research note. The firm sees a cut to FS KKR’s base dividend in 2026 to 50c per Shafer from 64c, and the institution of a variable supplemental dividend.
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