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Keefe Bruyette has slightly trimmed its price target on Barings BDC (BBDC) to $9.50 from $10, maintaining a Market Perform rating. The company posted solid Q3 2025 results with total investment income of $72.4 million and net investment income of $33.6 million. Barings BDC focuses on providing financing solutions to privately held, middle-market businesses to support acquisitions, growth initiatives, and refinancing needs.

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