B. Riley Securities Initiates Coverage On Ares Capital with Buy Rating, Announces Price Target of $20.5
Portfolio Pulse from richadhand@benzinga.com
B. Riley Securities analyst Bryce Rowe initiates coverage on Ares Capital (NASDAQ:ARCC) with a Buy rating and announces a price target of $20.5.
June 16, 2023 | 9:31 am
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Ares Capital (NASDAQ:ARCC) receives a Buy rating from B. Riley Securities with a price target of $20.5.
The Buy rating and price target announcement by B. Riley Securities for Ares Capital (NASDAQ:ARCC) is likely to have a positive short-term impact on the stock price. The Buy rating indicates that the analyst believes the stock has potential for growth, and the price target of $20.5 suggests an upside potential from the current price. This news is highly relevant and important for investors in ARCC, as it provides a positive outlook on the stock from a reputable analyst.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100