JMP Securities Maintains Market Outperform on PennantPark Floating Rate, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Kevin Fitzsimmons maintains a Market Outperform rating on PennantPark Floating Rate (NYSE:PFLT) but lowers the price target from $12.5 to $12.
July 30, 2024 | 3:30 pm
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JMP Securities analyst Kevin Fitzsimmons maintains a Market Outperform rating on PennantPark Floating Rate (NYSE:PFLT) but lowers the price target from $12.5 to $12.
The Market Outperform rating suggests a positive outlook, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on PFLT's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100