Wells Fargo analyst Finian O’Shea lowered the firm’s price target on Goldman Sachs BDC (GSBD) to $9 from $10 and keeps an Underweight rating on the shares. The firm is also lowering its adjusted NOI estimates to $1.50, $1.17 and $1.21 for 2025 through 2027, respectively, down from $1.46, $1.20 and $1.25 previously. As with peers, SOFR and new deployment spreads are an incremental headwind on the go-forward, Wells adds.
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