BlackRock TCP Capital price target lowered to $7.50 from $8 at Wells Fargo

Wells Fargo analyst Finian O’Shea lowered the firm’s price target on BlackRock TCP Capital (TCPC) to $7.50 from $8 and keeps an Underweight rating on the shares. The firm says that BlackRock TCP Capital’s dividend cut to 25c brings it closer to right size, but recent loss severity coupled with ample risk content keeps Wells at bay.