Market Overview

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

Related TCRD
Earnings Scheduled For March 10, 2015
THL Credit Announces Appointment of James Kern to its Board of Directors

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

Aug 2015JefferiesMaintainsHold
Jun 2015JefferiesInitiates Coverage onHold
May 2015Deutsche BankUpgradesHoldBuy

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


Related Articles (TCRD)

Get Benzinga's Newsletters