Goldman Sachs BDC price target lowered to $11.25 from $12 at BofA

BofA lowered the firm’s price target on Goldman Sachs BDC (GSBD) to $11.25 from $12 and keeps a Neutral rating on the shares. Goldman Sachs BDC reported what the firm says was “a mixed quarter,” adding that it thinks the risk associated with elevated non-accruals and potential NAV/share erosion is “generally balanced” by a high current yield and a valuation that “largely reflects the more challenging operating environment.”