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

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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
Aug 2014CitigroupMaintainsBuy
Jun 2014JMP SecuritiesDowngradesMarket OutperformMarket Perform
Jun 2014MLVInitiates Coverage onBuy

View More Analyst Ratings for MCC
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