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Citi Rates AINV As A Hold
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Posted on 11/10/09 at 5:57pm by Craig Jones
Citi sees a possible volatility of Apollo Investment Corporation's (NASDAQ: AINV) earnings and rates stock as a hold. They maintained their price target on AINV at $11. Citi wants to stay on the sidelines because they need more signs of credit and the economic recovery, but they think that AINV's dividend yield of 12% is attractive.
AINV fell 0.77% today and closed at $9.03. it had a volume of $1.42M.
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