B. Riley raised the firm’s price target on Trinity Capital to $16.50 from $16 and keeps a Buy rating on the shares following the quarterly earnings report. The firm continues to like Trinity’s risk profile with lower balance sheet leverage, ample available liquidity, and wide dividend coverage, and is forecasting growth in earnings and the base dividend, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TRIN:
- Trinity Capital Unveils 2023 Year-End Financial Results
- Trinity Capital Inc. Reports Fourth Quarter and Full Year 2023 Financial Results
- Trinity Capital reports Q4 NII 57c, consensus 54c
- Trinity Capital provides $50M in equipment financing to Electric Hydrogen
- Trinity Capital, Inc. (TRIN) Q4 Earnings Cheat Sheet