UPDATE: BMO Capital Markets Raises PT to $8 on Kohlberg Capital

BMO Capital Markets raises its target price to $8 on Market Perform-rated Kohlberg Capital

as bolstered CLO efforts play into the company's strength. BMO Capital Markets says, "KCAP acquired Trimaran Advisors, a CLO asset manager with $1.5 billion of AUM, for $13 million in cash and $25 million in stock (3.6 million shares); we view this transaction as positive as it bolsters KCAP/KDA's CLO effort and should drive a material increase in dividend income." KCAP closed at $7.04 a share on Thursday.