- Raymond James analyst Robert Dodd initiates coverage of WhiteHorse Finance (WHF +0.9%) with an outpeform rating, saying the stock is "attractively valued" and is trading at an "unjustified" discount to its book value.
- Price target of $16 implies 13% upside potential.
- Dodd doesn't expect WHF to stay at mid-teens GAAP ROE long term, but sees double-digit returns likely across a full cycle.
- Also sees potential for a special dividend as a result of "substantial gains in 2018."
- Quant rating Neutral.
WhiteHorse Finance gains a bull as Raymond James picks up coverage
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Symbol | Last Price | % Chg |
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WHF | - | - |
WhiteHorse Finance |