Truist analyst Arren Cyganovich lowered the firm’s price target on Main Street (MAIN) to $60 from $64 and keeps a Hold rating on the shares after its Q3 pre-announcement. The rise in net asset value and the decrease in non-accruals reads positive for the firm’s BDC coverage as concerns around portfolio quality have been top of mind for some investors, the analyst tells investors in a research note. Truist adds however that its reduced price target reflects lower peer multiples.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MAIN:
- Main Street completes $81.0M new portfolio investment
- Main Street sees Q3 EPS distributable NII $1.01-$1.05, consensus 99c
- Main Street Capital Executes Note Redemption Strategy
- Ex-Dividend Date Nearing for These 10 Stocks – Week of September 8, 2025
- Main Street price target raised to $67 from $52 at RBC Capital