- "The market seems to have recalibrated expectations lower," on Fifth Street Finance (FSC -2.2%) following its "disappointing" FQ4 and dividend cut last week, says JPMorgan, restating its Buy rating but cutting the price target by one dollar to $10. The team notes the dividend yield remains a "secure" 10% and the stock trades below NAV.
- UBS last week cuts its price target by one dollar to $10.50, but also rates the stock a Buy.
- Last week's earnings coverage
Fifth Street reiterated a Buy at JPMorgan
Dec 2 2013, 10:22 ET