Raymond James Maintains Outperform Rating for Golub Capital BDC: Here's What You Need To Know

Author: Benzinga Insights | January 23, 2024 01:00pm

Raymond James has decided to maintain its Outperform rating of Golub Capital BDC (NASDAQ:GBDC) and raise its price target from $16.00 to $16.50.

Shares of Golub Capital BDC are trading up 0.0% over the last 24 hours, at $15.53 per share.

A move to $16.50 would account for a 6.25% increase from the current share price.

About Golub Capital BDC

Golub Capital BDC Inc is an externally managed, closed-end, non-diversified management investment company. Its investment objective is to generate current income and capital appreciation by investing in senior secured and one-stop loans in United States middle-market companies. It also invests in the second lien and subordinated loans, warrants, and minority equity securities in United States middle-market companies. The company generally invests in securities that have been rated below investment grade by independent rating agencies or that would be rated below investment grade if they were rated.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: GBDC