Golub Capital price target lowered to $15.50 from $16.50 at BofA

BofA lowered the firm’s price target on Golub Capital (GBDC) to $15.50 from $16.50 and keeps a Buy rating on the shares. The firm, which thinks Golub Capital reported “a relatively decent quarter given the challenging macro backdrop,” views it as “one of the best positioned BDCs to gain share and generate strong risk-adjusted returns despite the more complex market backdrop,” the analyst tells investors.