UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on WhiteHorse Finance on 4Q Results, Trimmed Estimates

In a report published Wednesday, Deutsche Bank reiterated its Buy rating on WhiteHorse Finance

, and slightly raised its price target from $16.50 to $17.00. Deutsche Bank noted, “We are trimming our 2013 estimates to reflect an adjusted portfolio ramp, as the investment portfolio ended the year smaller than we expected due to a repayment of an investment just prior to YE. However, given higher than expected YE NAV of $15.30, we are increasing our target to $17 per share. As WHF closes new investments and deploys its IPO proceeds, we expect NII to increase and shares to move towards our target. Reiterate Buy.” WhiteHorse Finance closed on Tuesday at $15.31.