JMP Securities Reiterates Market Outperform on PennantPark Floating Rate, Maintains $12.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Kevin Fitzsimmons has reiterated a 'Market Outperform' rating on PennantPark Floating Rate (PFLT) and maintained a price target of $12.5.
March 26, 2024 | 12:31 pm
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JMP Securities analyst Kevin Fitzsimmons reaffirmed a 'Market Outperform' rating on PFLT, with a steady price target of $12.5.
The reiteration of a 'Market Outperform' rating and the maintenance of a $12.5 price target by a reputable analyst like Kevin Fitzsimmons could signal strong confidence in PennantPark Floating Rate's performance. This endorsement is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100