Oppenheimer lowered the firm’s price target on WhiteHorse Finance (WHF) to $11 from $12 on NAV decline, while keeping a Perform rating on the shares. The firm estimates that WhiteHorse Finance can earn a 9% ROE and, given an estimated cost of equity capital of 10%, it calculates a fair value of $11.00/share, or 0.9-turns book value.
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Read More on WHF:
- WhiteHorse Finance price target lowered to $9 from $9.50 at JPMorgan
- Oppenheimer cuts price target on WhiteHorse Finance to $1 on NAV decline
- WhiteHorse Finance’s Mixed Q4 Earnings Call Review
- WhiteHorse Finance Reports 2024 Earnings and Declares Dividend
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