As previously reported, Oppenheimer downgraded New Mountain Finance (NMFC) to Perform from Outperform with a price target of $11, down from $13. In Q2, New Mountain Finance earned 7c/share, equating to a 2.3% ROE. The firm estimates it will earn 93c/share and $1.28/share in 2025 and 2026, for respective ROEs of 7.5% and 10.4%.
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