SuRo Capital price target raised to $15 from $12.50 at BTIG

BTIG raised the firm’s price target on SuRo Capital (SSSS) to $15 from $12.50 and keeps a Buy rating on the shares. The firm is citing the company’s landmark partnership with an $18B asset manager that will see SuRo shift back to an externally-managed model, with the change not only reducing operating expenses but, more importantly, providing SuRo greater investment sourcing and due diligence capabilities, the analyst tells investors in a research note. This transaction will also enable SuRo shareholders to benefit from the asset manager’s access to the most attractive, but hardest-to-access, private market opportunities, including AI infrastructure, the firm added.