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Fly News Breaks for September 1, 2015
GBDC, GLAD, AINV
Sep 1, 2015 | 05:45 EDT
Cantor Fitzgerald analyst David Chiaverini downgraded Apollo Investment (AINV) to Hold citing the company's "high level" of oil and gas exposure. The analyst thinks BDC portfolio companies exposed to oil and gas may face valuation write-downs in coming quarters and lowered his price target for shares to $7 from $8. Chiaverini this morning also downgraded Gladstone Capital (GLAD) and upgraded Golub Capital (GBDC).
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