Silver Spike Investment initiated with an Overweight at Cantor Fitzgerald

Cantor Fitzgerald analyst Pablo Zuanic initiated coverage of Silver Spike Investment with an Overweight rating and $15.30 price target. Zuanic sees greater than 50% upside over the next 12 months on shares of Silver Spike, the only publicly listed cannabis-dedicated BDC, and tells investors in a research note that favorable sectoral credit market conditions should allow it to be rather selective as it fully deploys its capital.