Wells Fargo Maintains Equal-Weight on Crescent Capital BDC, Raises Price Target to $16.5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Finian O'Shea has maintained an Equal-Weight rating on Crescent Capital BDC (NASDAQ:CCAP) and increased the price target from $16 to $16.5. This adjustment reflects a modestly positive outlook on the company's stock, suggesting that Wells Fargo sees some potential for growth or improvement in CCAP's market performance.
January 29, 2024 | 2:52 pm
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Wells Fargo analyst Finian O'Shea has reaffirmed Crescent Capital BDC's Equal-Weight rating and raised the price target to $16.5, indicating a stable outlook with potential for modest stock appreciation.
The increase in price target by Wells Fargo suggests a positive adjustment in the valuation of Crescent Capital BDC, which could lead to investor optimism and a potential short-term increase in the stock price. The Equal-Weight rating indicates that the analyst believes the stock is fairly valued at its current price, but the raised target implies a belief in the company's ability to grow or improve, which may be seen as a positive signal by the market.
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