B of A Securities Initiates Coverage On Palmer Square Capital BDC with Neutral Rating, Announces Price Target of $16.5
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has initiated coverage on Palmer Square Capital BDC (NYSE:PSBD) with a Neutral rating and set a price target of $16.5.
February 12, 2024 | 12:35 pm
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NEUTRAL IMPACT
B of A Securities initiated coverage on Palmer Square Capital BDC with a Neutral rating and a price target of $16.5.
The initiation of coverage by a major financial institution like B of A Securities generally brings increased attention to a stock. However, the Neutral rating suggests that the analyst sees the stock as fairly valued at its current price, implying limited short-term price movement. The price target of $16.5 provides a reference point for investors but does not suggest significant upside or downside, hence the neutral impact score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100