Bank of America Securities Reaffirms Their Buy Rating on Crescent Capital BDC (CCAP)
In a report released on May 30, Derek Hewett from Bank of America Securities reiterated a Buy rating on Crescent Capital BDC (CCAP – Research Report), with a price target of $17.00.
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According to TipRanks, Hewett is a 4-star analyst with an average return of 6.9% and a 64.85% success rate. Hewett covers the Real Estate sector, focusing on stocks such as AGNC Investment, Apollo Real Estate, and Safehold.
In addition to Bank of America Securities, Crescent Capital BDC also received a Buy from Raymond James's Robert Dodd in a report issued on May 16. However, on the same day, Wells Fargo maintained a Hold rating on Crescent Capital BDC (NASDAQ: CCAP).
Based on Crescent Capital BDC's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $42.13 million and a net profit of $16.62 million. In comparison, last year the company earned a revenue of $50.2 million and had a net profit of $28.01 million
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