Trinity Capital price target raised to $13 from $12 at B. Riley

B. Riley analyst Bryce Rowe raised the firm’s price target on Trinity Capital to $13 from $12 and keeps a Buy rating on the shares. While the stock underperformed in 2022, Rowe believes Trinity Capital is "poised to outperform" in 2023. The analyst believes downside risk is limited with the stock trading at an 11% discount to net asset value and with a 15% dividend yield. Meanwhile, the reward could exceed the 21% projected 12-month return.