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Fly News Breaks for February 16, 2018
GOOD
Feb 16, 2018 | 08:47 EDT
Hilliard Lyons analyst John Roberts upgraded Gladstone to Long-Term Buy from Neutral with the shares down 25% from recent highs and the stock's yield above 8.5%. The pullback makes an equity offering less likely, though Roberts believes management may tolerate a near-term bump in the leverage ratio to keep making acquisitions, he tells investors. He has a $21 price target on Gladstone shares.
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