**UBS Upgrades Nuveen Churchill Direct Lending to Buy**
On September 1, 2026, UBS upgraded its rating for Nuveen Churchill Direct Lending (NYSE:NCDL) from Neutral to Buy. This change follows the firm’s previous Neutral rating established on May 18, 2026.
On August 31, 2026, NCDL closed at $12.51, and after the upgrade, it rose to $12.60 on September 2, representing a 0.72% increase. The stock closed at $12.57 on September 3, marking a 1.37% gain over the previous week. As of August 28, 2026, the consensus target for NCDL stood at $14.66, down from a previous target of $14.92.
In its latest earnings report on August 6, 2026, Nuveen Churchill Direct Lending reported earnings per share of $0.41, surpassing estimates, and revenue of $27.02 billion, significantly below expectations of $47.51 billion. For the current recommendation period, there are a total of 12 analyst recommendations: 3 strong buy, 5 buy, 3 hold, and 1 sell.
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