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Fly News Breaks for June 28, 2017
FDUS
Jun 28, 2017 | 07:21 EDT
UBS analyst Alex Kramm noted Fidus Investment posted solid Q3 results and slightly better than expected guidance, which led the shares to outperform the market. He said the path of organic ASV growth rates continued on its downward trajectory, falling to its lowest point since 2014. Kramm said without any real signs of material near-term improvement, he sees further downside to the company's valuation. Kramm reiterated his Sell rating and $146 price target on Fidus Investment shares.
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