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UPDATE: JP Morgan Initiates WhiteHorse Finance at Overweight on Proprietary Platform

JP Morgan initiated coverage on WhiteHorse Finance (NASDAQ: WHF) with an Overweight rating and a $15 price target.

JP Morgan noted, "We believe WHF has a competitive advantage through its access to resources from small-cap focused asset manager H.I.G. Capital. This access enables WHF to maintain a primarily self-originated portfolio, and also provides access to an experienced team of investment professionals. Given the slight discount to book at which WHF currently trades, we anticipate upside as the business development company (BDC) delivers consistent returns over the first 2-3 quarters as a public company."

WhiteHorse Finance closed at $14.79 on Friday.

Latest Ratings for WHF

DateFirmActionFromTo
Aug 2014CitigroupMaintainsBuy
Jul 2014WunderlichUpgradesHoldBuy
May 2014BarclaysMaintainsEqual-weight

View More Analyst Ratings for WHF
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

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