OFS Credit initiated with a Buy at Lucid Capital

Lucid Capital initiated coverage of OFS Credit (OCCI) with a Buy rating and $7.50 price target With an economic soft landing looking more probable, the prospect of collateralized loan obligation equity investing has become more attractive, the analyst tells investors in a research note. The firm believes OFS s well positioned to continue generating healthy levels of net interest income sufficient to comfortably cover the dividend through at least 2025.