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UPDATE: JP Morgan Initiates WhiteHorse Finance at Overweight on Proprietary Platform

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JP Morgan initiated coverage on WhiteHorse Finance (NASDAQ: WHF) with an Overweight rating and a $15 price target.

JP Morgan noted, "We believe WHF has a competitive advantage through its access to resources from small-cap focused asset manager H.I.G. Capital. This access enables WHF to maintain a primarily self-originated portfolio, and also provides access to an experienced team of investment professionals. Given the slight discount to book at which WHF currently trades, we anticipate upside as the business development company (BDC) delivers consistent returns over the first 2-3 quarters as a public company."

WhiteHorse Finance closed at $14.79 on Friday.

Latest Ratings for WHF

DateFirmActionFromTo
Dec 2017Ladenburg ThalmannInitiates Coverage OnNeutral
Nov 2017OppenheimerInitiates Coverage OnOutperform
Oct 2017BairdDowngradesOutperformNeutral

View More Analyst Ratings for WHF
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Posted-In: JP MorganAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

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