JPMorgan analyst Melissa Wedel lowered the firm’s price target on MidCap Financial (MFIC) to $10 from $11.50 and keeps a Neutral rating on the shares. The firm reduced targets in the business development company space to reflect lower multiples and “higher scrutiny.”
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Read More on MFIC:
- MidCap Financial price target lowered to $11.50 from $13 at Keefe Bruyette
- MidCap Financial price target lowered to $10.25 from $12 at BofA
- MidCap Financial price target lowered to $11 from $13 at RBC Capital
- MidCap Financial price target lowered to $13 from $15 at Truist
- MidCap Financial’s Earnings Call Balances Risks and Buybacks