B. Riley Securities Downgrades WhiteHorse Finance to Neutral, Announces $13.25 Price Target
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Bryce Rowe has downgraded WhiteHorse Finance (WHF) from Buy to Neutral and set a price target of $13.25. The downgrade reflects a more cautious stance on the company's stock.
January 08, 2024 | 2:31 pm
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WhiteHorse Finance downgraded by B. Riley Securities from Buy to Neutral with a price target of $13.25, indicating a neutral outlook on the stock.
The downgrade from Buy to Neutral by a reputable analyst suggests a shift to a more cautious view on WHF's future stock performance. The new price target provides a benchmark for investors, but the neutral rating implies that significant upside or downside is not immediately expected. This could lead to a short-term stabilization in WHF's stock price as investors reassess their positions based on the new analyst rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100