Wells Fargo Downgrades Solar Senior Capital (SUNS) to Market Perform; Valuation Call

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Wells Fargo downgraded Solar Senior Capital (NASDAQ: SUNS) from Outperform to Market Perform, price target range cut from $16-17 to $14-$15.

Wells analyst says, "We rate Solar Senior Capital Ltd. (SUNS) shares market perform as we believe current fundamentals are accurately reflected in the stock price. We are comfortable that investors can hold the stock based on (1) a strong expected 2011/2012 earnings/dividend ramp, (2) opportunity to leverage its balance sheet, and (3) no legacy credit quality issues."

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

Shares of Solar Senior Capital closed at $16.08 yesterday, with a 52 week range of $13.50-$19.80.

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