Deutsche Bank Starts Fifth Street Finance (FSC) at Buy; Portfolio is Sell Positioned Against an Economic Downturn

Deutsche Bank initiates coverage on Fifth Street Finance (NASDAQ: FSC) with a Buy. PT $11.00.

Deutsche analyst says, "Given Fifth Street's portfolio characteristics, direct origination strategy, and focus on established businesses, we believe the company is well positioned. We expect continued portfolio growth to drive sequential earnings growth as the company increases leverage. Given the lack of capital available to middle market borrowers, we believe returns on new investments will remain attractive."

For an analyst ratings summary and ratings history on Fifth Street Finance click here. For more ratings news on Fifth Street Finance click here.

Shares of Fifth Street Finance closed at $9.36 yesterday.

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