Deutsche Bank Reinstates Coverage on THL Credit (TCRD) at Buy; Solid Q2; Dividend Increased

Deutsche Bank reinstates coverage on THL Credit (NASDAQ: TCRD) with a Buy. PT $14.50.

Deutsche analyst said, "...we expect new investments to drive sequential earnings and dividend growth in 4Q12 and 1H13. At 6/30, TCRD had $122 million of available liquidity for new investments. Our estimates, rating and target were suspended in April due to the external manager's acquisition of McDonnell Investment's ACS Group."

For an analyst ratings summary and ratings history on THL Credit click here. For more ratings news on THL Credit click here.

Shares of THL Credit closed at $13.40 yesterday.

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