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Stock impact report

RBC Sees Stable Earnings Path for Main Street Capital (MAIN) Despite Minor Target Cut [Yahoo! Finance]

Main Street Capital Corporation (MAIN) 
Last main street capital corporation earnings: 2/27 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.mainstcapital.com
Company Research Source: Yahoo! Finance
On December 9, RBC Capital analyst Kenneth Lee trimmed his price target on Main Street Capital Corporation (NYSE:MAIN) to $66 from $67. He kept an Outperform rating on the stock. RBC still sees support for earnings and noted that net interest income could benefit as the portfolio continues to ramp and dividend income adds to results. That upside may be partly offset by a modest dip in asset yields, based on the current rate outlook. Main Street Capital Corporation (NYSE:MAIN) also shared an update on its investment activity. On December 2, the company said it completed a follow-on investment in an existing portfolio company, Chamberlin Holding LLC. Chamberlin is a well-known specialty roofing and waterproofing contractor. Main Street partnered with MSC Income Fund on the deal. The investment supports Chamberlin's acquisition of a commercial roofing contractor in the Southeastern US. Main Street's share included an additional $20 million first-lien, senior secured term loan. Both Show less Read more
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