Golub Capital upgraded to Buy from Neutral at BofA

BofA analyst Derek Hewett upgraded Golub Capital (GBDC) to Buy from Neutral with a price target of $17, up from $15.50, following what the firm calls “another strong quarter” for business development companies, or BDCs. The firm’s more optimistic view is due to stronger core EPS and relatively stable credit given the improving investment outlook, says the analyst in a note on the group in which the firm also upgraded Blackstone Secured Lending Fund (BXSL).