A particle-hole symmetric Anderson impurity model with a metallic host of narrow bandwidth is studied within the framework of the local moment approach. The resultant single-particle spectra are compared to unrestricted Hartree-Fock, second order perturbation theory about the noninteracting limit, and Lanczos spectra by Hofstetter and Kehrein. Rather accurate analytical results explain the spectral evolution over almost the entire range of interactions. These encompass, in particular, a rationale for the four-peak structure observed in the low-energy sector of the Lanczos spectra in the moderate-coupling regime. In weak coupling, the spectral evolution is governed by orbital effects, while in the strong coupling Kondo limit, the model is shown to connect smoothly to the generic Anderson impurity with a flat and infinitely wide hybridization band. PACS numbers: 71.27.+a Strongly correlated electron systems; heavy fermions -71.28.+d Narrow-band systems; intermediate-valence solids -71.55.-i Impurity and defect levels -75.20.Hr Local moment in compounds and alloys; Kondo effect, valence fluctuations, heavy fermions arXiv :1105.1983v1 [cond-mat.str-el]