Alliance Global Partners initiated coverage of Pearl Diver Credit (PDCC) with a Buy rating and $19.50 price target Pearl Diver is a non-diversified closed-end management investment company that the firm sees having an opportunity to grow through investments in CLO equity. The firm likes Pearl Diver management’s experience in structuring, valuing, and investing in senior secured corporate loans/CLOs and a focus on total returns, the analyst tells investors.
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