B. Riley raised the firm’s price target on Main Street Capital to $47 from $46 and keeps a Buy rating on the shares post the Q2 results. The analyst says Main Street is well positioned for the current environment with well below-average balance sheet leverage, wide dividend coverage, access to capital, and sufficient liquidity.
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Read More on MAIN:
- Main Street reports Q2 distributable NII $1.12, consensus $1.00
- MAIN STREET ANNOUNCES SECOND QUARTER 2023 RESULTS
- Main Street raises dividend 2.2% to 23.5c
- Main Street Announces Fourth Quarter 2023 Regular Monthly Dividends, Including a Monthly Dividend Increase, and Supplemental Dividend Payable in September 2023
- Is MAIN a Buy, Before Earnings?