Tag: thinks

Credit Suisse Thinks Bain Capital Specialty Finance’s Stock is Going to Recover

In a report issued on May 1, Douglas Harter from Credit Suisse maintained a Buy rating on Bain Capital Specialty Finance (BCSF – Research Report), with a price target of $15.50. The company’s shares closed last Monday at $9.22, close to its 52-week low of $7.12.

According to TipRanks.com, Harter is a 4-star analyst with an average return of 4.1% and a 63.8% success rate. Harter covers the Financial sector, focusing on stocks such as Ellington Residential Mortgage, Essential Properties Realty, and Arlington Asset Investment.

Currently, the analyst consensus on Bain Capital Specialty Finance is a Hold with an average price target of $10.67.

See today’s analyst top recommended stocks >>

Bain Capital Specialty Finance’s market cap is currently $499.5M and has a P/E ratio of 5.10. The company has a Price to Book ratio of 0.49.

Based on the recent corporate insider activity of 10 insiders, corporate

Read More

McConnell thinks bankruptcy, not more federal money, might be best for state and local governments

McConnell’s tough words came a day after the Senate approved a $484 billion bill to help small businesses and hospitals respond to the coronavirus outbreak. The measure did not include funds for state and local governments, despite Democrats arguing they are hard hit by the disease and the corresponding economic fallout.

Instead, McConnell suggested in interviews Wednesday that Democrats are trying to get the federal government to essentially bail out state and local governments for bad decisions they made related to public pension obligations and other sources of expensive debt.

“I would certainly be in favor of allowing states to use the bankruptcy route,” McConnell told Hugh Hewitt in a radio interview. “It saves some cities. And there’s no good reason for it not to be available. My guess is their first choice would be for the federal government to borrow money from future generations to send it down to … Read More