Main Street price target lowered to $60 from $64 at B. Riley

B. Riley analyst Sean-Paul Adams lowered the firm’s price target on Main Street (MAIN) to $60 from $64 and keeps a Neutral rating on the shares. Main Street’s Q3 NII/share was slightly below estimates and under the $1.07 in dividends, while NAV/share rose 1.5% to $32.78, marking the thirteenth consecutive quarter of growth, the analyst tells investors in a research note. Risk/reward appears balanced given the premium valuation and steady earnings power, the firm says.