Wells Fargo Starts Triangle Capital (TCAP) at Market Perform

April 11, 2013 7:49 AM EDT
Get Alerts TCAP Hot Sheet
Price: $18.94 -0.68%

Rating Summary:
    10 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 3 | Down: 5 | New: 17
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Wells Fargo initiated coverage on Triangle Capital (NYSE: TCAP) with a Market Perform rating and a price target of $27-$29.

Analyst Jonathan Bock said, "We believe the stock price fully reflects the strong attributes of the Triangle franchise . . . Overall, we believe TCAP to be a very high quality BDC management team with a unique/lower cost operating model focused on generating outsized risk-adjusted returns in the lower-end of the middle market and senior/subordinated loans with equity warrants/coinvestments."

For an analyst ratings summary and ratings history on Triangle Capital click here. For more ratings news on Triangle Capital click here.

Shares of Triangle Capital closed at $27.94 yesterday.

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