Market Overview

UPDATE: Oppenheimer Initiates Stellus Capital at Outperform on Fundamental and Sector Strength

Share:
Related
New Mountain Finance, Stellus Capital Downgraded At Baird, 'Fade Small-Cap Banks'
Pair Trade: Sell Small-Cap Bank Stocks, Buy Higher-Quality BDCs

Oppenheimer initiated coverage on Stellus Capital (NYSE: SCM) with an Outperform rating and a $16 price target.

Oppenheimer commented, "We are initiating coverage of Stellus Capital Investment Corp. (SCM) with an Outperform rating and a $16 price target, which in combination with its 9% initial dividend yield, presents the potential for a solid 14% total return. Our rating is based on our favorable view of the industry as well as the fundamentals unique to Stellus. In our accompanying piece, The Case for BDCs, we lay out our views on the industry's favorable secular trends."

Stellus Capital closed at $15.32 on Friday.

Latest Ratings for SCM

DateFirmActionFromTo
Aug 2016Raymond JamesDowngradesOutperformMarket Perform
Jul 2016BairdDowngradesOutperformNeutral
Apr 2016Janney CapitalAssumesNeutral

View More Analyst Ratings for SCM
View the Latest Analyst Ratings

Posted-In: OppenheimerAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (SCM)

View Comments and Join the Discussion!