Clear Street analyst Mickey Schleien initiated coverage of MSC Income Fund (MSIF) with a Buy rating and $15 price target The company focuses on first-lien private loans to sponsored middle-market companies and manages a legacy lower-middle-market portfolio that amounts to $1.3B and offers an attractive 11.9% portfolio yield, the analyst tells investors in a research note. With only 0.75x debt-to-equity, MSIF has room to expand leverage while maintaining a sustainable dividend, the firm added.
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