Pearl Diver Credit initiated with a Buy at Lucid Capital

Lucid Capital initiated coverage of Pearl Diver Credit (PDCC) with a Buy rating and $18.50 price target The firm has a favorable view of management’s strategy to primarily focus on total return with a secondary goal of generating high current income. Lucid feels income-oriented investors should direct their primary focus on Pearl Diver’s “attractive” 15.3% dividend yield.