UPDATE: J.P. Morgan Downgrades WhiteHorse Finance on Fair Valuation
July 16, 2013 at 08:59 AM EDT
In a report published Tuesday, J.P. Morgan analyst Richard Shane downgraded WhiteHorse Finance (NASDAQ: WHF ) from Overweight to Neutral, but reiterated the $15.50 price target. In the report, J.P. Morgan noted, “We lower our rating to Neutral, as we believe the BDC is fairly valued at 1.03x NAV. WHF has
