Lucid Capital initiated coverage of New Mountain Finance (NMFC) with a Buy rating and $10 price target The company is backed by a “strong platform and experienced management team” but still trades at a discount to peers, the analyst tells investors in a research note. The firm believes New Mountain can closed its profitability gap to the sector through progress on strategic initiatives.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NMFC: