Market Overview

UPDATE: Stifel Nicolaus Downgrades MCG Capital to Hold

Stifel Nicolaus lowers its rating on MCG Capital (NASDAQ: MCGC) to Hold from Buy as current valuation allows for limited upside.

Stifel Nicolaus notes, "Given the recent strength in valuation we don't believe the expected upside potential from current levels warrants a Buy rating give the higher risk profile of MGCG. Our previous target price of $5.50 represents about 10% upside from current levels which combined with the expected 2012 dividend of $0.56-$0.60 per share would imply an expected total return of 20+%. This is good, but not quite good enough to warrant a Buy rating given the risks and volatility we expect in MCGC."

MCGC closed at $5.01 a share on Friday.

Posted-In: Stifel NicolausAnalyst Color Downgrades Price Target Pre-Market Outlook Analyst Ratings

 

Most Popular

Related Articles (MCGC)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free