Alliance Global lowered the firm’s price target on Sound Point Meridian Capital (SPMC) to $18.50 from $20 and keeps a Buy rating on the shares after the company reported quarterly results, including net interest income of 54c per share, versus the firm’s estimate of 62c and consensus of 56c.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPMC: