Kayne Anderson BDC, Inc. (KBDC) Receives a New Rating from J.P. Morgan

Kayne Anderson BDC, Inc. (KBDC) Receives a New Rating from J.P. Morgan reports that analyst Melissa Wedel at J.P. Morgan initiated coverage on Kayne Anderson BDC, Inc. with a Hold rating. The firm set a price target of $15.00, according to the report released yesterday. TipRanks data referenced in the article describes Wedel as a 4-star analyst with an average return of 6.9% and a 57.89% success rate, and notes she covers the Financial sector. The company’s latest earnings for the quarter ending March 31 showed quarterly revenue of $46.06 million and net profit of $17.24 million, compared with $39.68 million in revenue and $22.22 million in net profit a year earlier. Analyst consensus is characterized as Moderate Buy with a $15.00 target.