JMP Securities Maintains Market Outperform on PennantPark Floating Rate, Raises Price Target to $12.5
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Kevin Fitzsimmons has maintained a Market Outperform rating on PennantPark Floating Rate (NYSE:PFLT) and increased the price target from $12 to $12.5.
January 18, 2024 | 4:24 pm
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JMP Securities analyst Kevin Fitzsimmons has reaffirmed PennantPark Floating Rate's Market Outperform rating and raised the price target to $12.5, indicating a positive outlook on the stock.
The increase in price target by JMP Securities suggests a bullish view on PennantPark Floating Rate, which could lead to increased investor confidence and a potential short-term rise in the stock price.
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