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Fly News Breaks for February 3, 2020
Feb 3, 2020 | 05:45 EDT
BofA analyst Derek Hewett initiated coverage of New Mountain Finance with a Buy rating and $14.50 price target. The analyst, who sees 12.5% upside with "attractive" dividend yield, believes New Mountain is well positioned to capitalize on a supply/demand imbalance in the unrated middle market.
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