Barings BDC downgraded to Market Perform from Outperform at Keefe Bruyette

Keefe Bruyette analyst Ryan Lynch downgraded Barings BDC to Market Perform from Outperform with a price target of $10, down from $10.50. The downgrade is based upon the belief that arings BDC’s non-traditional portfolio in combination of recent stresses in some cross-platform/non-traditional investments will continue to pressure its valuation and stock price, Lynch tells investors in a research note.