Janney Montgomery Scott Initiates Coverage On Palmer Square Capital BDC with Neutral Rating, Announces Price Target of $17.5
Portfolio Pulse from Benzinga Newsdesk
Janney Montgomery Scott analyst John Rowan initiates coverage on Palmer Square Capital BDC (NYSE:PSBD) with a Neutral rating and a price target of $17.5.

April 22, 2024 | 12:02 pm
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NEUTRAL IMPACT
Palmer Square Capital BDC initiated with a Neutral rating and a $17.5 price target by Janney Montgomery Scott.
The initiation of coverage by a reputable analyst firm like Janney Montgomery Scott with a Neutral rating and a specific price target provides investors with a new professional assessment of PSBD's value. While the Neutral rating suggests that the analyst sees the stock as fairly valued at its current price, the setting of a price target can influence investor perceptions and potentially the stock's market price. However, the neutral stance indicates that significant short-term price movement is not necessarily anticipated, hence the neutral impact score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100