Keefe Bruyette analyst Ryan Lynch downgraded Capitala Finance to Underperform from Market Perform with an unchanged price target of $7.50. The stock’s valuation is too high given Capitala’s track record of below-average and negative historical economic returns, Lynch tells investors in a research note. The company has had “major” credit issues over the past several years, says the analyst, who adds that Capitala’s valuation is at a “significant” premium to peers.