New Mountain Finance Corp down after BofA double-downgrades stock

New Mountain Finance

15/09/2025 18:17

** Shares of New Mountain Finance Corp NMFC.O down about 4% at $10

** Brokerage Bank of America double-downgrades stock to "underperform" from "buy" due to persistent profitability challenges

** Also expects a dividend cut as earnings pressure builds, leading to a likely re-rating of the stock lower

** Five of 6 brokerages rate the stock "hold" and 1 "sell"; their median PT is $11

** Including session moves, NMFC stock down 7% YTD

(Reporting by)