Barings BDC (BBDC) Gets a Buy Rating from Wells Fargo

Wells Fargo analyst Finian O’Shea maintained a Buy rating on Barings BDC (BBDCResearch Report) today and set a price target of $12.50. The company’s shares closed last Friday at $10.54.

According to TipRanks.com, O’Shea is a 4-star analyst with an average return of 7.3% and a 60.5% success rate. O’Shea covers the Financial sector, focusing on stocks such as Sixth Street Specialty Lending, Apollo Global Management, and Bridge Investment Group.

Currently, the analyst consensus on Barings BDC is a Strong Buy with an average price target of $12.33.

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The company has a one-year high of $11.55 and a one-year low of $9.83. Currently, Barings BDC has an average volume of 590.4K.

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Barings BDC, Inc. engages in the provision of customized financing primarily to lower middle market companies. Its investment objective is to seek returns by generating current income from our debt investments, and capital appreciation from our equity-related investments. Its portfolio includes Aden and Anais, AGM Automotive, All Metals, American Silk, Avantor Performance Materials, and others. The company was founded by Garland S. Tucker III, Brent P.W. Burgess, Steven C. Lilly, Cary B. Nordan and David F. Parker on October 10, 2006 and is headquartered in Charlotte, NC.

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