Keefe, Bruyette & Woods Maintains Market Perform on Eagle Point Credit Co, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Ryan Lynch maintains a 'Market Perform' rating on Eagle Point Credit Co (NYSE:ECC) and lowers the price target from $11 to $10.
August 17, 2023 | 10:53 am
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Keefe, Bruyette & Woods has lowered the price target for Eagle Point Credit Co from $11 to $10, while maintaining a 'Market Perform' rating.
The lowering of the price target by Keefe, Bruyette & Woods indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on the stock's price. However, the 'Market Perform' rating suggests that the stock is expected to perform in line with the market, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100