Morgan Keegan Lowers Estimates On Triangle Capital Corp.

In a recent report, Morgan Keegan lowered estimates for Triangle Capital Corp (NASDAQ: TCAP) to $1.55 for 2010 from $1.60 previously and $1.61 for 2011 from $1.65 previously. This comes following a recent equity raise from which the dividend is paid.

Morgan Keegan continues to believe the estimates are conservative as additional upside is possible though lower funding costs or more than anticipated capital deployment.

Morgan Keegan has an Outperform rating on Triangle Capital Corp with an $18 price target

TCAP closed Monday at $15.94