UPDATE: Keefe, Bruyette & Woods Upgrades Apollo Investment Corp. to Outperform, Raises PT on Attractive Relative Valuation


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


In a report published Tuesday, Keefe, Bruyette & Woods analyst Greg Mason upgraded the rating on Apollo Investment Corp. (NASDAQ: AINV) from Market Perform to Outperform, and raised the price target from $9.00 to $9.50.In the report, Keefe, Bruyette & Woods noted, “We are upgrading the shares of AINV to Outperform, as we believe the shares offer an attractive relative valuation to the group. We believe AINV will have stable earnings even if the BDC group remains under pressure and significant earnings coverage of the dividend, which provides good stability for the 9.4% dividend yield. We are raising our target price to $9.50 from $9.00 resulting in a 20% total return. AINV goes ex-dividend on June 18, with investors receiving a $0.20 quarterly dividend.”Apollo Investment Corp. closed on Monday at $8.46.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: Analyst ColorUpgradesAnalyst RatingsBruyette & WoodsGreg MasonKeefe