Market Overview

UPDATE: National Securities Downgrades Triangle Capital to Neutral

Share:
Related TCAP
Top 4 NYSE Stocks In The Credit Services Industry With The Highest Profit Margin
US Stock Futures Edge Higher Ahead Of Economic Data
The Dividend House DGI Portfolio: The Good, The Bad, And The Ugly (Seeking Alpha)

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 2014Keefe Bruyette & WoodsMaintainsOutperform
Nov 2014BB&T CapitalDowngradesBuyHold
Oct 2014JMP SecuritiesUpgradesMarket PerformMarket Outperform

View More Analyst Ratings for TCAP
View the Latest Analyst Ratings

Posted-In: national securitiesAnalyst Color Downgrades Analyst Ratings

 

Related Articles (TCAP)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→