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Deutsche Bank raises its price from $26.50 to $27 on Solar Capital
SLRC as it reiterates a Buy rating on shares.
Deutsche Bank notes, "SLRC reported solid 1Q results, as net investment income was in line with our estimate and NAV increased sequentially by 3%. The company had roughly $376 million of unused borrowing capacity at 1Q end to fund new investments. We expect portfolio growth to drive earnings growth in '12 and '13. We are increasing our target to $27 per share."
SLRC closed at $20.77 on Tuesday.
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