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UPDATE: Stifel Nicolaus Downgrades Medley Capital Corporation to Hold on Valuation

Related MCC
Earnings Scheduled For December 8, 2014
Benzinga's Top Downgrades

Stifel Nicolaus reduced its rating on Medley Capital Corporation (NYSE: MCC) from Buy to Hold and suspended its $14 price target.

Stifel Nicolaus noted, "We are downgrading Medley Capital to Hold from Buy as the stock has increased meaningfully above our target price and we cannot justify a new target price high enough to maintain our Buy rating. … We still believe MCC is a very good company with a solid 9.7% dividend yield and we are comfortable with investors holding the stock for the dividend yield."

Medley Capital Corporation closed at $14.82 on Friday.

Latest Ratings for MCC

DateFirmActionFromTo
Dec 2014Maxim GroupDowngradesBuyHold
Aug 2014CitigroupMaintainsBuy
Jun 2014JMP SecuritiesDowngradesMarket OutperformMarket Perform

View More Analyst Ratings for MCC
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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