Saratoga Investment price target lowered to $23 from $24 at Clear Street

Clear Street lowered the firm’s price target on Saratoga Investment (SAR) to $23 from $24 and keeps a Hold rating on the shares. The company reported weaker fiscal Q1 results on lower yields, the analyst tells investors in a research note. The firm cites Saratoga’s “weak” dividend coverage despite its strong credit and liquidity for the target cut.