Wells Fargo Maintains Equal-Weight on Crescent Capital BDC, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Finian O'Shea maintains an Equal-Weight rating on Crescent Capital BDC (CCAP) and raises the price target from $16.5 to $18.
May 13, 2024 | 1:41 pm
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POSITIVE IMPACT
Wells Fargo has maintained an Equal-Weight rating on Crescent Capital BDC and increased the price target from $16.5 to $18, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Finian O'Shea suggests a positive outlook on CCAP's financial performance and growth prospects. This adjustment is likely to instill investor confidence, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100