BUZZ-TriplePoint Venture Growth BDC jumps after KBW upgrades to 'market perform'

Reuters11-08

** Shares of financing provider TriplePoint Venture Growth BDC jump as much as 12.3%; last up 11.2% at $7.58

** KBW upgrades TPVG to "market perform" from "underperform", citing credit improvement and fee waiver commitment to cover the dividend through 2025

** TPVG's commitment ensures $1.20 dividend next year - KBW

** Brokerage says that while TPVG still has some challenged investments to work through, it believes the risk is appropriately priced at current levels

** All eight brokerages rate the stock "hold"; their median PT is $7.50 - LSEG data

** As of last close, TPVG shares down 37.3% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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