UPDATE - UBS Upgraded BlackRock Kelso (BKCC) to Buy; Risk/Reward Attractive
Tweet
Share
E-mailGet Alerts BKCC Hot Sheet
Price: $3.68 --0%
Rating Summary:
3 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
UPDATE - UBS upgraded BlackRock Kelso (NASDAQ: BKCC) from Neutral to Buy. PT $11.
UBS analyst says, "We believe at 1.03x book value and a 13% dividend yield the shares already price in a dividend reduction to ~$0.27 per share from $0.32, despite several levers available to close the gap between core EPS and the dividend in 2011."
"Shares are likely to hover near book value and at a discount to peers, but we see the multiple expanding to 1.1x book value (11.6% div yld on $11 tgt) which combined with a 13% div yield at current prices creates an attractive 24% total return, with limited downside risk in our view. BKCC shares should also outperform peers in a market sell-off."
To see all upgrades/downgrades on shares of BKCC, visit our Analyst Ratings page.
UBS analyst says, "We believe at 1.03x book value and a 13% dividend yield the shares already price in a dividend reduction to ~$0.27 per share from $0.32, despite several levers available to close the gap between core EPS and the dividend in 2011."
"Shares are likely to hover near book value and at a discount to peers, but we see the multiple expanding to 1.1x book value (11.6% div yld on $11 tgt) which combined with a 13% div yield at current prices creates an attractive 24% total return, with limited downside risk in our view. BKCC shares should also outperform peers in a market sell-off."
To see all upgrades/downgrades on shares of BKCC, visit our Analyst Ratings page.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- B.Riley Upgrades RF Industries Ltd. (RFIL) to Buy
- Nomura/Instinet Upgrades Shimano (7309:JP) (SMNNY) to Buy
- Freedom Broker Upgrades Taylor Devices, Inc. (TAYD) to Buy
Create E-mail Alert Related Categories
UpgradesRelated Entities
UBS, DividendSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
