Raymond James Downgrades BlackRock TCP Cap to Market Perform
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Robert Dodd downgraded BlackRock TCP Capital (TCPC) from Outperform to Market Perform, indicating a neutral outlook on the company's stock.
March 01, 2024 | 7:43 pm
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NEUTRAL IMPACT
BlackRock TCP Capital was downgraded by Raymond James from Outperform to Market Perform, suggesting a neutral future performance.
The downgrade by a prominent analyst like Robert Dodd from Raymond James can influence investor sentiment and market perception of TCPC, potentially leading to a neutral short-term impact on its stock price. The change from Outperform to Market Perform suggests that the analyst no longer sees the stock outperforming the market or its sector, which could temper investor expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100