Bain Capital Specialty Finance price target lowered to $15 from $16 at Wells Fargo

Wells Fargo analyst Finian O’Shea lowered the firm’s price target on Bain Capital Specialty Finance (BCSF) to $15 from $16 and keeps an Overweight rating on the shares. The credit headwind appears concentrated in smaller names that already had deep marks, and “The Pile” of below 95% assets is still on the better end, in the firm’s view.