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Saratoga Investment price target lowered to $23 from $23.50 at B. Riley

B. Riley analyst Sean-Paul Adams lowered the firm’s price target on Saratoga Investment (SAR) to $23 from $23.50 and keeps a Neutral rating on the shares. The firm says the company’s fiscal Q2 report highlights the headline deployment and yield pressures the business development company group is facing. However, the analyst expects Saratoga to maintain stable dividends due to spillover levels.

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