B. Riley lowered the firm’s price target on Stellus Capital to $12.50 from $13 and keeps a Sell rating on the shares following the Q4 report. The analyst continues to see the stock’s risk/reward as “skewed to risk” with Stellus trading just south of net asset value. The company’s more elevated balance sheet leverage magnifies sensitivity to changes in rates and credit quality, the analyst tells investors in a research note.
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Read More on SCM:
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