Wells Fargo Maintains Underweight on Prospect Capital, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Finian O'Shea maintains an Underweight rating on Prospect Capital (NASDAQ:PSEC) and lowers the price target from $5.5 to $5.
May 16, 2024 | 2:28 pm
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NEGATIVE IMPACT
Wells Fargo analyst Finian O'Shea maintains an Underweight rating on Prospect Capital and lowers the price target from $5.5 to $5.
The lowered price target and maintained Underweight rating from a major financial institution like Wells Fargo is likely to negatively impact investor sentiment and short-term stock price of Prospect Capital.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100