Wells upgrades Goldman Sachs BDC to Equal Weight, lowers target to $12

As previously reported, Wells Fargo analyst Finian O’Shea upgraded Goldman Sachs BDC to Equal Weight from Underweight with a price target of $12, down from $14. The firm says that Goldman Sachs BDC’s at-NAV multiple feels too rich for its recent loss experience, and 2025 is likely set for a significant NOI decline.