trending Market Intelligence /marketintelligence/en/news-insights/trending/yrXQpc1OuyS2KpqG_skyQg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Wells Fargo resumes coverage on Barings BDC with 'outperform' rating

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Wells Fargo resumes coverage on Barings BDC with 'outperform' rating

Wells Fargo analyst Finian O'Shea resumed his coverage on Barings BDC Inc. with an "outperform" rating and a price target of $11.

O'Shea said the current discount of Barings BDC's shares to net asset value will disappear in the near term as the company works to boost its earnings and produces quality originations. Wells Fargo analysts see Barings BDC as a high quality asset manager, which affords benefits to the business development industry.

Wells Fargo analysts also think Barings BDC's shares will trade at a premium in the future as they believe the company will be part of a wave of new managers that promote strong corporate governance. They cite the company's shareholder-oriented policies and MassMutual's $150 million investment in Barings BDC, which means any wrongdoing by the management will not sit well for the greater franchise. The analysts also said Barings BDC's board and management can be replaced if the company's performance declines, as they do not materially own the company.

The analysts also said Barings BDC can lend as it has an "industry-leading" fee structure that allows the company to take on lower-spread assets and earn the same market return, which means higher risk-adjusted returns.