UPDATE: BofA Securities Upgrades Barings BDC Inc. (BBDC) to Buy

BofA Securities upgraded Barings BDC Inc. (NYSE: BBDC) from Neutral to Buy with a price target of $11.25.

The analyst comments "Upgrading Baring BDC (BBDC) to Buy from Underperform as we believe its improving financial performance and significant valuation discount makes it a compelling value opportunity. BBDC has successfully repositioned the old Triangle Capital franchise, creating a high quality BDC with a sustainable business model, in our view. Profitability and earnings visibility have significantly improved and the MVC Capital (MVC) acquisition combined with other cross-platform investment opportunities suggest further earnings upside over time."

For an analyst ratings summary and ratings history on Barings BDC Inc. click here. For more ratings news on Barings BDC Inc. click here.

Shares of Barings BDC Inc. closed at $10.49 yesterday.

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