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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PDCC: