MSC Income Fund initiated with an Outperform at RBC Capital

RBC Capital initiated coverage of MSC Income Fund (MSIF) with an Outperform rating and $19 price target The firm is positive on the company’s portfolio that is relatively differentiated from its business development peers, with a focus on smaller-scaled portfolio companies and slightly different sector skew, along with its potential for NAV appreciation through its equity investments, the analyst tells investors in a research note. RBC is estimating 15% total return for investors over the next year, the firm adds.