SLR Investment downgraded to Underweight from Neutral at JPMorgan

JPMorgan downgraded SLR Investment to Underweight from Neutral with a price target of $15, down from $15.50. While the company’s credit metrics remain solid, JPMorgan’s estimates reflect some potential pressure on dividend coverage through net interest income beginning in 2025, the analyst tells investors in a research note. The firm believes SLR’s “narrow dividend cushion” in 2025 will limit upside the stock’s multiple and relative total return versus peers.