Stifel analyst W. Andrew Carter lowered the firm’s price target on Silver Spike Investment to $9 from $10 and keeps a Hold rating on the shares as the firm is updating estimates and transitioning to a December fiscal year ahead of the company’s Q4 earnings announcement due on Friday, March 31. Given the "chunky portfolio," high cash concentration, and limited visibility into credit quality risk, the firm believes the investment case is "difficult" with the current structure, the analyst tells investors.
Published first on TheFly
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