Stifel Nicolaus raised its rating on Prospect Capital Corporation PSEC from Sell to Hold.
Stifel Nicolaus said, "Given the recent decline in PSEC shares we are upgrading the shares to Hold. We still have some concerns about the rapid pace of growth at PSEC but with the shares currently trading at $10.46 and a dividend yield of 11.7% we believe investors are being adequately compensated and are upgrading the shares to Hold."
Prospect Capital Corporation closed at $10.46 on Friday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in