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Kayne Anderson BDC price target lowered to $14 from $15 at Wells Fargo

Wells Fargo analyst Finian P. O’Shea lowered the firm’s price target on Kayne Anderson BDC (KBDC) to $14 from $15 and keeps an Overweight rating on the shares. The firm says the company continues to originate loans at attractive spreads and OID. Wells wonders if this quarter’s opportunistic deal flow may be indicative of more spread to come.

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