CGBD Updated Projections/Pricing: Likely Upgrade & Strong Buy Coming
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CGBD Quick Update
CGBD continues to improve, including credit quality and dividend coverage potential taken into account with the increased LT target of $16.00 (previously $15.00).
CGBD is trading 16% below NAV, driving 10.4% yield and approaching its suggested “high” limit order price of $14.25. Also, RSI is approaching oversold conditions.
Its LT target …