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0.000998502246630034 0.00199700449326007 0.00199700449326007 0.00199700449326007 -0.0029955067398901 -0.00898652021967048 -0.000998502246630034 -0.00292561158262598
Stock impact report

Why New Mountain Finance (NMFC) Shares Are Falling Today [Yahoo! Finance]

New Mountain Finance Corporation (NMFC) 
Last new mountain finance corporation earnings: 2/26 04:35 pm Check Earnings Report
US:NYSE Investor Relations: newmountainfinance.com
Company Research Source: Yahoo! Finance
the morning session after Bank of America Securities downgraded the stock's rating from "Buy" to "Underperform" and slashed its price target. The firm's analyst, Derek Hewett, lowered the price target on the shares to $10.00 from $11.75. The downgrade is based on the view that New Mountain Finance is facing significant headwinds that could challenge its profitability. According to BofA Securities, these challenges may potentially lead to a "dividend reset and lower share valuation" for the business development company. This revised, more bearish outlook reflects growing concerns about the company's near-term financial performance. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy New Mountain Finance? Access our full analysis report here, it's free What Is The Market Telling Us New Mountain Finance's shares are not very volatile and have only had 4 moves greater than 5% over the last yea Show less Read more
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