WhiteHorse Finance climbs after Raymond James upgrades to 'outperform'

WhiteHorse Finance

Yesterday 14:53

** Private credit vehicle WhiteHorse Finance's WHF.O shares rise 4.3% to $8.03
** Raymond James upgrades stock to "outperform" from "market perform"
** Brokerage cites improving credit quality and recently announced strategic review, which could serve as a meaningful catalyst for stock
** Adds management has addressed a majority of problem assets within portfolio and there remains potential for further stock upside as those assets are resolved
** WHF has been a publicly listed business development company (BDC) since 2012
** BDCs are a wrapper for investors to access ownership in a diversified pool of private credit assets
** As of last close, WHF up 10.8% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))