Wells Fargo Downgrades Goldman Sachs BDC to Underweight, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Finian O'Shea has downgraded Goldman Sachs BDC (NYSE:GSBD) from Equal-Weight to Underweight and lowered the price target from $15 to $14.
May 29, 2024 | 11:04 am
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NEGATIVE IMPACT
Wells Fargo has downgraded Goldman Sachs BDC from Equal-Weight to Underweight and reduced the price target from $15 to $14.
The downgrade from Equal-Weight to Underweight and the reduction in the price target from $15 to $14 by a major financial institution like Wells Fargo is likely to negatively impact investor sentiment and the short-term stock price of GSBD.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100