Oppenheimer Maintains Perform on BlackRock TCP Cap, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Mitchel Penn maintains a Perform rating on BlackRock TCP Capital (TCPC) and lowers the price target from $11 to $10.

May 02, 2024 | 12:38 pm
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NEGATIVE IMPACT
Oppenheimer maintains a Perform rating on BlackRock TCP Capital and lowers the price target from $11 to $10.
The reduction in price target by Oppenheimer, a reputable financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in TCPC's stock price. The Perform rating indicates that the analyst does not see significant upside or downside from the current price level, but the lowered price target suggests a recalibration of expected value, which could impact investor confidence and stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100