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Fly News Breaks for December 7, 2015
MCC
Dec 7, 2015 | 06:27 EDT
Wells Fargo analyst Jonathan Bock upgraded Medley Capital to Outperform citing "strong" total return potential of 23%-37%. The company's steps to align incentive fees and lower costs is appropriate for shareholders, Bock tells investors in a research note. He lowered his price target range for shares to $8.25-$9.25 from $9-$10. Keefe Bruyette this morning also upgraded Medley Capital.
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