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Fly News Breaks for May 12, 2016
MCC
May 12, 2016 | 08:32 EDT
Janney Capital analyst Mitchel Penn believes Medley Capital could cut its dividend, possibly down to $1.00 per share from its current annual level of $1.20 per share, though that will depend on how the non-accruals are resolved. However, Penn keeps a Buy rating and $10 fair value estimate on Medley Capital, as he believes potential bad news has already been priced into the shares.
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