Goldman Sachs BDC downgraded to Underperform from Neutral at BofA
BofA downgraded Goldman Sachs BDC to Underperform from Neutral with a price target of $8.50, down from $9, citing weaker relative credit performance, reduced earnings power, and limited near-term self-help levers. While integration with Goldman Sachs Asset Management's private credit platform should support better credit outcomes and profitability over time, legacy assets remain a near-term overhang, the analyst tells investors.
BofA downgraded Goldman Sachs BDC to Underperform from Neutral with a price target of $8.50, down from $9, citing weaker relative credit performance, reduced earnings power, and limited near-term self-help levers.
While integration with Goldman Sachs Asset Management's private credit platform should support better credit outcomes and profitability over time, legacy assets remain a near-term overhang, the analyst tells investors.