Fidus Investment downgraded to Market Perform from Outperform at Keefe Bruyette

Keefe Bruyette analyst Paul Johnson downgraded Fidus Investment (FDUS) to Market Perform from Outperform with an unchanged price target of $19.50. The firm cites valuation for the downgrade with the shares trading above the price target Fidus may continue to benefit from appreciation in its lower middle market equity portfolio, but the stock offers limited price upside from current valuation levels, the analyst tells investors in a research note.

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