Wells Fargo Maintains Underweight on BlackRock TCP Cap, Lowers Price Target to $7.5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Finian O'Shea has maintained an Underweight rating on BlackRock TCP Capital Corp (NASDAQ:TCPC) and lowered the price target from $8 to $7.5.
October 29, 2024 | 2:24 pm
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Wells Fargo has maintained an Underweight rating on BlackRock TCP Capital Corp and reduced the price target to $7.5, indicating a bearish outlook.
The Underweight rating suggests that Wells Fargo expects TCPC to underperform relative to other stocks. The lowered price target from $8 to $7.5 further indicates a negative outlook, likely leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100