
Wells Fargo Downgrades Kayne Anderson BDC Amid Valuation Concerns
Wells Fargo has downgraded Kayne Anderson BDC (KBDC) due to valuation concerns, despite suggesting another oil and gas stock could see a significant jump.
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This oil and gas stock has been under pressure. Wells Fargo says it can jump more than 50%
The bank upgraded the oil and gas name to overweight from equal weight.
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