Lucid Capital initiated coverage of Cion Investment (CION) with a Buy rating and $13.50 price target With reduced nonaccrual levels, the stock’s “discount valuation” presents an attractive risk/reward scenario, the analyst tells investors in a research note. The firm believes the recent reduction in the company’s nonaccrual levels has effectively de-risked the balance sheet for the near-to-midterm.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.