Main Street price target lowered to $54 from $62 at Truist

Truist analyst Mark Hughes lowered the firm’s price target on Main Street (MAIN) to $54 from $62 and keeps a Hold rating on the shares after its Q1 results. Total investment was marginally below expectations, while the lower interest income was driven by higher non-accruals and lower base rates, the analyst tells investors in a research note. Truist adds that it sees the stock as fairly valued at current levels.