MSC Income Fund price target lowered to $19 from $20 at Truist

Truist lowered the firm’s price target on MSC Income Fund (MSIF) to $19 from $20 and keeps a Buy rating on the shares. The firm is positive on the company’s ability to rotate into its Private Loan portfolio investments, which should provide a nice path of earnings growth in the face of falling base rates, the analyst tells investors in a research note. Truist adds however that it is positive on MSC’s high quality debt portfolio, the potential for NAV upside from its equity investments, and its affiliation with Main Street (MAIN).