BofA lowered the firm’s price target on New Mountain Finance (NMFC) to $7.50 from $9 and keeps an Underperform rating on the shares. The firm is adjusting forecasts for several business development companies following quarterly reports from the group.
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:
- New Mountain Finance price target lowered to $9 from $10 at Lucid Capital
- New Mountain Finance price target lowered to $9 from $10 at Keefe Bruyette
- New Mountain Finance price target lowered to $7.50 from $10 at B. Riley
- New Mountain Finance Earnings Call Highlights Strategic Reset
- New Mountain Finance price target lowered to $8 from $10 at Wells Fargo