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UPDATE: Deutsche Bank Reinstates Buy, $14.50 PT on THL Credit Post Q2

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Deutsche Bank reinstated its coverage on THL Credit (NASDAQ: TCRD) with a Buy rating and a price target of $14.50.

Deutsche Bank commented, "TCRD reported solid 2Q results and increased the dividend to 32c per share. We are reinstating our Buy rating and price target of $14.50 per share, as we expect new investments to drive sequential earnings and dividend growth in 4Q12 and 1H13. At 6/30, TCRD had $122 million of available liquidity for new investments. Our estimates, rating and target were suspended in April due to the external manager's acquisition of McDonnell Investment's ACS Group."

THL Credit closed at $13.40 on Monday.

Latest Ratings for TCRD

DateFirmActionFromTo
Aug 2014Deutsche BankMaintainsHold
Jun 2014SunTrust Robinson HumphreyInitiates Coverage onBuy
May 2014Bank of AmericaMaintainsBuy

View More Analyst Ratings for TCRD
View the Latest Analyst Ratings

Posted-In: $14.50 PT on THL Credit Post Q2 UPDATE: Deutsche Bank Reinstates BuyAnalyst Color Reiteration Intraday Update Analyst Ratings

 

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