As previously reported, Wells Fargo analyst Finian O’Shea downgraded Barings BDC to Equal Weight from Overweight with a price target of $8.50, down from $9, as earnings recovery stalls. The firm notes Barings BDC has gained significant lost ground from its mid-year lows, but valuation has improved faster than its outlook in Wells’ view.
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Read More on BBDC:
- Barings BDC downgraded to Equal Weight from Overweight at Wells Fargo
- Barings BDC reports Q3 NII 31c, consensus 32c
- Is BBDC a Buy, Before Earnings?
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