Apollo Investment Corp. (AINV) Reports In-Line Q3 EPS of 21c

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Wells Fargo Downgrades Apollo Investment (AINV) to Market Perform on Rising Risks

February 7, 2013 8:20 AM EST

Wells Fargo downgraded Apollo Investment (NASDAQ: AINV) from Outperform to Market Perform with an $8.50-49 valuation range citing elevated risks.

The firm comments, "We are downgrading shares to Market Perform as both credit/market risks elevate. Recall, AINV has focused on increasing portfolio yield by investing more complex/esoteric... More