JPMorgan analyst Melissa Wedel lowered the firm’s price target on WhiteHorse Finance (WHF) to $9 from $9.50 and keeps an Underweight rating on the shares after WhiteHorse reported Q4 NII per share of 34c, below consensus of 39c and JPMorgan’s estimate of 40c. Net asset value per share decreased 3.6% sequentially to $12.31, which was also below the firm’s forecast of $12.56, the analyst noted.
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