UPDATE: BMO Capital Markets Terminates Coverage on PennantPark Investment Corp. on Analyst Resources Shift

In a report published Wednesday, BMO Capital Markets analyst David J. Chiaverini terminated coverage on PennantPark Investment Corp.

. In the report, Chiaverini noted, “We are dropping coverage of PennantPark owing to a shift in analyst resources. PNNT has been rated Market Perform since July 28, 2010. Investors should no longer rely on BMO Capital Markets Research for an investment recommendation on PennantPark Investment.” PennantPark Investment Corp. closed on Tuesday at $11.22.