The downgrade by a major financial institution like Wells Fargo suggests a less optimistic outlook on BBDC's stock performance. The reduction in price target may lead to a negative investor sentiment in the short term, potentially causing a decrease in the stock price.

While Wells Fargo is the entity issuing the downgrade, the direct impact on its own stock is likely to be minimal as this is a routine part of analyst activities. However, there could be a slight indirect impact depending on the market's perception of the bank's research credibility.