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UPDATE: National Securities Downgrades Triangle Capital to Neutral

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National Securities published a research report on Triangle Capital Corporation (NYSE: TCAP) and downgraded the company from Buy to Neutral.

In the report, National Securities wrote, "We believe that due to a high valuation (1.6x P/B) combined with an expected 8% dividend increase to $2.20 in 2013, stock may deliver a total return of 9% or less than our 10% BUY threshold. We may revisit our rating if Congress might allow for a higher leverage limit for business development companies (BDCs) which might significantly increase their returns on equity (ROEs)."

National Securities maintained its $24.50 price target on Triangle Capital, which is currently trading down 1.98 percent from Friday's $25.30 closing price.

Latest Ratings for TCAP

DateFirmActionFromTo
Nov 2016Hilliard LyonsDowngradesBuyNeutral
Sep 2016Hilliard LyonsInitiates Coverage on
Jun 2016Raymond JamesUpgradesUnderperformMarket Perform

View More Analyst Ratings for TCAP
View the Latest Analyst Ratings

Posted-In: national securitiesAnalyst Color Downgrades Analyst Ratings

 

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