UPDATE: Wunderlich Securities Initiates Coverage on Main Street Capital Corporation with Buy Rating, $35 PT on Solid Platform

In a report published Wednesday, Wunderlich Securities analyst Merrill Ross initiated coverage on

with a Buy rating and $35.00 price target. In the report, Wunderlich Securities noted, “We are initiating coverage of Main Street Capital Corporation (MAIN) with a Buy rating and a $35 price target. MAIN is an internally managed business development company with over $1.1 billion in capital under management. MAIN invests in lower middle market (LMM) companies where it owns an average of 33% of the equity of the company and invests in secured or rated debt securities of middle market companies. We believe this creates a platform that could continue to drive value creation for shareholders.” Main Street Capital Corporation closed on Tuesday at $27.19.