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Saratoga Investment downgraded to Neutral from Buy at Ladenburg

Saratoga Investment downgraded to Neutral from Buy at Ladenburg

Ladenburg downgraded Saratoga Investment to Neutral from Buy without a price target The firm believes the shares are fairly valued and it remains concerned about the company’s tight regulatory asset coverage ratio. s The portfolio contains several concentrated investment positions which adds risk, but is relatively defensive, the analyst tells investors in a research note.

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