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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAR:
- Closing Bell Movers: Saratoga Investment up 8% on earnings beat
- Saratoga Investment reports Q2 adjusted EPS $1.33, consensus 94c
- SAR Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Saratoga Investment Reschedules Annual Meeting, Urges Shareholder Votes
- Saratoga Investment announces distribution of proxy materials for annual meeting
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue