JP Morgan Initiates Coverage On Palmer Square Capital BDC with Overweight Rating, Announces Price Target of $17
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Melissa Wedel has initiated coverage on Palmer Square Capital BDC (NYSE:PSBD) with an Overweight rating and set a price target of $17. This move could indicate a positive outlook on PSBD's future performance.
February 12, 2024 | 11:05 am
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JP Morgan has initiated coverage on Palmer Square Capital BDC with an Overweight rating and a price target of $17, suggesting a bullish outlook.
The initiation of coverage by a major financial institution like JP Morgan, especially with an Overweight rating and a specific price target, is a strong positive signal. It suggests that the analyst sees potential in the company's future performance, which could lead to increased investor interest and potentially drive the stock price up in the short term.
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