Clear Street lowered the firm’s price target on Sound Point Meridian Capital (SPMC) to $14 from $18 and keeps a Buy rating on the shares following fiscal Q3 results that “reflect a challenging operating environment.” The firm is reducing its price target to reflect net asset value pressure and the lower dividend.
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Read More on SPMC:
- Sound Point Meridian Capital price target lowered to $13 from $18.50 at Alliance Global
- Sound Point Meridian Capital downgraded to Neutral at B. Riley on dividend cut
- Sound Point Meridian Capital downgraded to Neutral from Buy at B. Riley
- Sound Point Meridian Declares Q1 2027 Monthly Distributions
- Sound Point Meridian Updates January 2026 NAV Estimate