Nuveen California Municipal Value Fund (TSE:NCA) had its target price upped by BMO Capital Markets from C$1.00 to C$1.75 in a report released on Friday. The brokerage presently has an “outperform” rating on the stock.

Separately, TD Securities lifted their price objective on shares of Nuveen California Municipal Value Fund from C$1.75 to C$2.00 and gave the stock a “speculative buy” rating in a research note on Wednesday, August 10th.

About Nuveen California Municipal Value Fund

Nuveen California Municipal Value Fund, Inc is a diversified closed-end management investment company. The Fund seeks to provide current income exempt from both regular federal and California state income taxes, and in the case of California Alternative Minimum Tax (AMT)-Free Income (NKX) the AMT applicable to individuals, by investing primarily in a portfolio of municipal obligations issued by state and local government authorities within the state of California or certain United States territories.

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