SuRo Capital price target raised to $10 from $7 at BTIG

BTIG analyst Marvin Fong raised the firm’s price target on SuRo Capital (SSSS) to $10 from $7 and keeps a Buy rating on the shares. Despite gaining 31% since the firm’s last note on the stock on May 22, SuRo shares still don’t properly reflect the value of SuRo’s portfolio as the underlying assets have also increased in value, the analyst tells investors in a research note. With certain lock-ups expiring by year-end, investors will be able to realize full value on several of SuRo’s positions, which will increase the discount on SuRo’s portfolio on a post-distribution basis, BTIG added.