UPDATE: Deutsche Bank Initiates Coverage on Prospect Capital on Good Portfolio Position
December 20, 2013 at 09:39 AM EST
In a report published Friday, Deutsche Bank analyst Stephen Laws initiated coverage on Prospect Capital (NASDAQ: PSEC ) with a Buy rating and $12.25 price target. In the report, Deutsche Bank noted, “We expect the portfolio to continue generating attractive ROEs with strong credit results. We believe PSEC's portfolio is