PFLT: Truist Securities Lowers Price Target While Maintaining Buy Rating | PFLT Stock News

May 14, 2025

On May 14, 2025, analyst Mark Hughes of Truist Securities announced an update regarding PennantPark Floating Rate (PFLT, Financial). While maintaining a "Buy" rating for the stock, the analyst has lowered the price target from the previous value.

The new price target for PennantPark Floating Rate (PFLT, Financial) is set at USD 11.00, down from the prior target of USD 12.00. This adjustment represents a negative change of 8.33% compared to the previous target.

This update continues to reflect Truist Securities' confidence in PFLT, as evidenced by the maintained "Buy" rating, despite the reduction in the price target. PennantPark Floating Rate (PFLT, Financial) remains a stock of interest to investors following this announcement.

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