Palmer Square Capital BDC Inc. (PSBD) Receives a New Rating from J.P. Morgan

Palmer Square Capital BDC Inc. (PSBD) Receives a New Rating from J.P. Morgan says J.P. Morgan analyst Melissa Wedel initiated coverage on Palmer Square Capital BDC Inc. with a Hold rating. The article states the initiation occurred yesterday and the price target was set at $11.00. It also reiterates TipRanks information that Wedel covers the Financial sector and is described as having an average return of 6.9% with a 57.89% success rate on recommended stocks. The Street consensus is presented as Hold, with an average price target of $11.13. For the quarter ended March 31, the company reported revenue of $15.54 million and a GAAP net loss of $37.24 million, compared with revenue of $5.74 million and a GAAP net loss of $8.39 million a year earlier.