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Fly News Breaks for May 4, 2017
SLRC
May 4, 2017 | 07:14 EDT
After Solar Capital reported lower than expected profit, Wells Fargo remains upbeat on the stock, citing the 94% coverage of the company's dividend, its belief that the company's net operating income will slightly exceed expectations, and what it sees as management's conservatism regarding growth and equity issuance. Wells expects the stock to deliver a total return of 11%+ rhis year and recommends buying it on weakness.
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