MSC Income Fund price target lowered to $16 from $17 at Truist

Truist lowered the firm’s price target on MSC Income Fund (MSIF) to $16 from $17 and keeps a Buy rating on the shares as part of a broader research on BDCs – business development companies – with updates on several models post earnings. The decline in net interest income estimates reflects a slower investment portfolio ramp than assumed prior, which is partially mitigated by increased share repurchases, the analyst tells investors in a research note.