Oppenheimer upgraded Gladstone Investment to Outperform from Perform with an unchanged price target of $15. In fiscal Q2, Gladstone earned $1.40 per share for a 41.5% ROE, notes the firm, which estimates that Gladstone will earn $2.19 per share in FY24 and $1.01 per share in FY25, for an ROE of 16.7% and 7.5%, respectively.
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