Wells Fargo Maintains Underweight on Prospect Capital, Raises Price Target to $5.75
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Timothy O'Shea has maintained an Underweight rating on Prospect Capital (NASDAQ:PSEC) but increased the price target from $5.50 to $5.75.
January 29, 2024 | 3:00 pm
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Wells Fargo maintains an Underweight rating on Prospect Capital but raises the price target from $5.50 to $5.75.
The increase in price target by Wells Fargo suggests a slightly more positive outlook on Prospect Capital's value, despite maintaining an Underweight rating. This could lead to a neutral short-term impact on the stock as the market digests the mixed signals of a maintained Underweight rating with a higher price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100