B. Riley analyst Bryce Rowe lowered the firm’s price target on Saratoga Investment to $25 from $28 and keeps a Neutral rating on the shares. The company’s relatively elevated balance sheet leverage makes it more sensitive to potential markdowns in the portfolio and lower interest rates, the analyst tells investors in a research note. The firm views $22 per share as a good entry point for new positions.
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Read More on SAR:
- A New Cause for Concern: Saratoga Investment Adds a New Debt & Financing Risk
- Saratoga Investment downgraded at Compass Point until risk-reward more balanced
- Saratoga Investment downgraded to Neutral from Buy at Compass Point
- Saratoga Investment Reported Earnings. Did it Beat Estimates?
- Saratoga Investment reports Q3 adjusted EPS $1.01, consensus $1.03
