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

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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

Aug 2015Keefe Bruyette & WoodsMaintainsOutperform
Jul 2015Stephens & Co.Initiates Coverage onEqual-weight
Mar 2015Keefe Bruyette & WoodsMaintainsMarket Perform

View More Analyst Ratings for SCM
View the Latest Analyst Ratings

Posted-In: OppenheimerAnalyst Color Initiation Intraday Update Analyst Ratings


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