Keefe Bruyette lowered the firm’s price target on Kayne Anderson BDC (KBDC) to $16 from $16.50 and keeps an Outperform rating on the shares. The firm cites lower valuation multiples across the BDC sector for the price target reduction.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KBDC:
- Kayne Anderson BDC, Inc.: Strong Quarterly Performance and Strategic Moves Justify Buy Rating
- Kayne Anderson BDC’s Resilient Earnings Call Analysis
- Kayne Anderson BDC price target lowered to $15 from $16 at Wells Fargo
- Kayne Anderson BDC Appoints New President and VP
- Kayne Anderson BDC reports Q3 EPS 43c, consensus 40c