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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

May 2016JefferiesUpgradesHoldBuy
May 2016Raymond JamesDowngradesOutperformUnderperform
May 2016Janney CapitalUpgradesNeutralBuy

View More Analyst Ratings for TCAP
View the Latest Analyst Ratings

Posted-In: national securitiesAnalyst Color Downgrades Analyst Ratings


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