Saratoga Investment price target raised to $28.50 from $27.50 at B. Riley

B. Riley analyst Bryce Rowe raised the firm’s price target on Saratoga Investment to $28.50 from $27.50 and keeps a Buy rating on the shares. The analyst remains comfortable continuing to recommend Saratoga into the Q4 results given the earnings tailwind from higher short-term interest rates In addition, the company’s investment portfolio is performing well with problem assets limited to just two debt investments, Rowe tells investors in a research note.