Runway Growth Finance price target raised to $12 from $11.50 at Compass Point

Compass Point analyst Casey Alexander raised the firm’s price target on Runway Growth Finance (RWAY) to $12 from $11.50 and keeps a Buy rating on the shares. Runway had “one of the strongest quarters in the BDC space this quarter” and while the firm notes “the obvious overhang of potential selling from Oaktree,” it adds that it sees “a clear path to a materially higher valuation for RWAY as the story develops.”