Wells Fargo analyst Finian O’Shea downgraded TriplePoint Venture (TPVG) to Underweight from Equal Weight with a price target of $6.50, down from $7.50. The firm sees increased potential for a dividend cut in 2026 despite TriplePoint’s just-recent lowering from 40c to 30c in Q2. The company’s Q4 earnings results revealed new credit challenges, as four names were added to non-accrual, and another marked down to 89% of cost, “indicative of materially increased credit risk,” the analyst tells investors in a research note.
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Read More on TPVG:
- TriplePoint Venture downgraded to Underweight from Equal Weight at Wells Fargo
- TriplePoint Venture Growth Reports Positive Earnings Amidst Challenges
- TriplePoint Venture price target raised to $8 from $7.50 at Piper Sandler
- TriplePoint Venture Growth Reports Strong Fiscal Year 2024
- TriplePoint Venture Growth Reports Strong Q4 2024 Results
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