TriplePoint Venture upgraded to Neutral at Compass Point following decline

As previously reported, Compass Point upgraded TriplePoint Venture (TPVG) to Neutral from Sell with an unchanged price target of $9.75. The failure of SVB Financial (SIVB) could have a material impact on TriplePoint’s business model going forward, but shares have declined 15% since the firm’s prior downgrade and when adding in the $1.60 annual dividend, there is now a 7% positive total return, which the firm cites as rationale for raising its rating.