Oppenheimer downgraded WhiteHorse Finance (WHF) to Perform from Outperform with a price target of $12, down from $14, post the Q3 report. The firm lowered its expected return on equity estimate from 10% to 9% saying WhiteHorse’s recent performance has trended lower. The company is being impacted by credit losses, the analyst tells investors in a research note.
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Read More on WHF:
- WhiteHorse Finance price target lowered to $11.50 from $12 at B. Riley
- Raymond James downgrades WhiteHorse on elevated credit concerns
- WhiteHorse downgraded to Market Perform from Outperform at Raymond James
- WhiteHorse Finance’s Inaction on Trading Plans Sparks Investor Concerns
- WhiteHorse Finance Reports Q3 2024 Earnings and Dividend