Barings BDC price target raised to $9.50 from $8.50 at Compass Point

Compass Point raised the firm’s price target on Barings BDC to $9.50 from $8.50 and keeps a Buy rating on the shares. The last year provided real challenges for Barings BDC, including a crypto non-accrual, difficulties from the acquired MVC portfolio, and the loss of a well-regarded CEO and CFO, but there are embedded potential NAV gains on the horizon, the analyst tells investors in a research note.