Janney Montgomery Scott Initiates Coverage on CapitalSource (CSE)

By admin | 6 years ago

Analysts at Janney Montgomery Scott initiated coverage on shares of CapitalSource (NYSE: CSE) in a research report issued to clients and investors on Wednesday. The firm set a “buy” rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Sandler O’Neill upgraded shares of CapitalSource from a “hold” rating to a “buy” rating in a research note to investors on Monday, May 21st. Separately, analysts at Guggenheim upgraded shares of CapitalSource from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, May 1st. They now have a $8.00 price target on the stock, up previously from $7.25. Finally, analysts at Sterne Agee upgraded shares of CapitalSource from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, May 1st. They now have a $7.50 price target on the stock, up previously from $7.35.

CapitalSource traded up 0.32% on Wednesday, hitting $6.33. CapitalSource has a 1-year low of $5.08 and a 1-year high of $7.26. The company’s market cap is $1.469 billion.

CapitalSource Inc. (CapitalSource) is a commercial lender which, primarily through its wholly owned subsidiary, CapitalSource Bank, provides financial products to small and middle market businesses nationwide and provides depository products and services in southern and central California.

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