Market Overview

UPDATE: Gilford Securities Initiates Coverage on Saratoga Investment on Positive Outlook

Share:

In a report published Tuesday, Gilford Securities analyst Casey Alexander initiated coverage on Saratoga Investment Corp. (NYSE: SAR) with a Buy rating and $23.00 price target.

In the report, Gilford Securities noted, “We are initiating coverage on Saratoga Investment Corp (SAR) with a Buy Rating and a price target of $23 per share. Saratoga Investment Corp (Symbol: SAR) is a business development company (BDC) headquartered in NYC, New York. It invests primarily in leveraged loans and mezzanine debt issued by private U.S. middle-market companies, both through direct lending and through participation in loan syndicates. Saratoga targets cash flow positive companies with annual revenues between $10 and $100 million and EBITDA in excess of $2 million. The investment objective of Saratoga is to generate current income and capital appreciation from its investments.”

Saratoga Investment Corp. closed on Monday at $19.15.

Latest Ratings for SAR

DateFirmActionFromTo
Aug 2019Initiates Coverage OnBuy
Apr 2019DowngradesBuyNeutral
Jul 2018UpgradesNeutralBuy

View More Analyst Ratings for SAR
View the Latest Analyst Ratings

Posted-In: Casey Alexander gilford securitiesAnalyst Color Initiation Analyst Ratings

 

Related Articles (SAR)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
PTONBank of AmericaInitiates Coverage On29.0
ITRICanaccord GenuityMaintains87.0
GWPHNeedhamInitiates Coverage On200.0
BABairdDowngrades
LUVStifelDowngrades60.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Stocks Hitting 52-Week Highs

Goldman Sachs Reiterates Buy on Apple Following Announcement of Angela Ahrendts Joining the Team