TCP Capital loses Buy rating at Deutsche

It's a valuation call for analyst Stephen Laws, noting the stock price about matches his price target of $17.50, a 15% premium to NAV.

He's also lowering his 2014 NII estimates to reflect lower yields on new investments, but an increase in leverage should help boost portfolio income.

TCPC no trades premarket.

Comments (1)
  • duvchu
    , contributor
    Comment (1) | Send Message
    If Stephen Law waited two weeks after the divided the price would have come down to 17.15. No thought behind it.
    9 Mar 2014, 02:58 PM Reply Like
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