RBC Capital downgraded Palmer Square (PSBD) to Sector Perform from Outperform with a price target of $13, down from $15. Liquid credit opportunities, which is Palmer Square’s focus, may be somewhat constrained in the near-term as credit spreads are near historic tights, the analyst tells investors in a research note. Palmer Square augmented its share repurchase program, but utilization could be limited by the company’s leverage, the firm added.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PSBD:
- Palmer Square downgraded to Sector Perform from Outperform at RBC Capital
- Palmer Square price target lowered to $13 from $13.50 at UBS
- Palmer Square Capital BDC Updates Net Asset Value
- Palmer Square Capital BDC: Mixed Sentiments in Earnings Call
- Palmer Square Capital BDC Reports Q3 2025 Financial Results