Citigroup Maintains Buy on Ares Capital, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Arren Cyganovich has maintained a 'Buy' rating on Ares Capital (NASDAQ:ARCC) and raised the price target from $20 to $21.
July 26, 2023 | 2:11 pm
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POSITIVE IMPACT
Citigroup's raised price target for Ares Capital suggests a positive outlook for the company's stock.
The raised price target by Citigroup indicates a positive outlook for Ares Capital's stock. This could lead to increased investor confidence and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100