As previously reported, Wells Fargo analyst Finian O’Shea downgraded Runway Growth Finance (RWAY) to Equal Weight from Overweight with a price target of $9.50, down from $10, on Marley Spoon and other near-term discounted maturities. The firm notes that BDC valuations have relaxed somewhat with moderate fundamental headwinds more apparently set to persist through the year. Still burgeoning credit markets are met with a yet further drawn out M&A pipeline, while credit faces a tough vintage roll.
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Read More on RWAY:
- Runway Growth downgraded to Equal Weight from Overweight at Wells Fargo
- Runway Growth Finance Q1 Earnings: Mixed Signals with Strategic Moves
- Runway Growth Finance Corp. Reports Q1 2025 Results
- Runway Growth Finance reports Q1 NII 42c, consensus 37c
- RWAY Earnings Report this Week: Is It a Buy, Ahead of Earnings?
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