BlackRock TCP Capital price target lowered to $8.50 from $10 at Wells Fargo

Wells Fargo analyst Finian O’Shea lowered the firm’s price target on BlackRock TCP Capital to $8.50 from $10 and keeps an Equal Weight rating on the shares. The firm points out that BlackRock TCP Capital has endured a string of credit losses that are likely to keep its valuation subdued.