As previously reported, Wells Fargo analyst Finian O’Shea downgraded MidCap Financial (MFIC) to Equal Weight from Overweight with a price target of $11, down from $13. While portfolio rotation continues to plan, and Merx appears to be moving more quickly, MidCap’s core corporate lending portfolio is seeing more credit headwinds, the firm argues.
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Read More on MFIC:
- MidCap Financial downgraded to Equal Weight from Overweight at Wells Fargo
- MidCap Financial price target lowered to $12 from $13 at BofA
- MidCap Financial price target lowered to $11.50 from $12 at JPMorgan
- MidCap Financial price target lowered to $13 from $14 at Keefe Bruyette
- MidCap Financial downgraded to Neutral from Buy at Compass Point