Oxford Lane price target lowered to $15.50 from $20 at Clear Street

Clear Street lowered the firm’s price target on Oxford Lane (OXLC) to $15.50 from $20 and keeps a Buy rating on the shares. The company’s Q3 results reflected a decline in GAAP NII per share and core NII per share, the analyst tells investors in a research note. The firm added that the new price target aligns with current net asset value, and it remains Buy on the shares as core NII is expected to outpace the new distribution.