WhiteHorse Finance price target lowered to $7.50 from $9 at B. Riley

B. Riley lowered the firm’s price target on WhiteHorse Finance (WHF) to $7.50 from $9 and keeps a Neutral rating on the shares. WhiteHorse’s Q3 results fell short of covering the dividend, and NAV/share declined, though non-accruals improved as MSI Information Systems returned to accrual, the analyst tells investors in a research note. Risk/reward appears balanced amid muted valuation expansion prospects due to current earnings coverage and credit levels, the firm says.