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Fly News Breaks for September 14, 2015
AINV
Sep 14, 2015 | 07:32 EDT
UBS lowered its price target on Apollo Investment but views the stock as cheap at current levels. The firm expects the stock to rebound from the current multi-year low as the company continues to position itself for rising interest rates. UBS also said the company's share repurchases and dividend coverage warrant a favorable outlook. UBS reiterated its Buy rating but lowered its price target to $8.50 from $10 on Apollo Investment shares.
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