Deutsche Bank Starts TCP Capital (TCPC) at Buy; Attractive Middle Market Opportunities

Deutsche Bank initiates coverage on TCP Capital (NASDAQ: TCPC) with a Buy. PT $16.25.

Deutsche analyst said, "We expect TCP Capital to generate attractive returns on new investments, as the upcoming leveraged debt maturity wall, large amounts of uninvested private equity capital, and continued deleveraging of traditional lenders should create attractive new investment opportunities in the middle-market sector. Given the favorable investment environment, access to an established origination platform, $162 million in investment capacity, and the attractive valuation, we are initiating with a Buy."

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

Shares of TCP Capital closed at $14.38 yesterday.

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