Goldman Sachs BDC Gets an Unusually Positive Downgrade

Wells Fargo had a lot of good things to say Monday about Goldman Sachs BDC (GSBD), which went public in mid-March. It calls it “top quality, best-in-class.” But, nonetheless, the firm downgraded the shares to “market perform” based on valuation. GSBD is up 13% since it debuted, while the broader business development company (BDC) group [...]