Oppenheimer upgraded Gladstone Capital (GLAD) to Outperform from Perform with a price target of $22, down from $26. In Q425, Gladstone Capital earned 62c/share, equating to an 11.7% ROE, primarily from net gains of $2.8M, or 13c/share, from markups on investments, the firm notes. With the stock trading around $19.86/share, Oppenheimer is raising its rating to Outperform from Perform.
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