JP Morgan Maintains Overweight on Ares Capital, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Melissa Gorham maintains an Overweight rating on Ares Capital (NASDAQ:ARCC) and raises the price target from $20.5 to $21.
October 25, 2023 | 4:22 pm
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POSITIVE IMPACT
JP Morgan maintains an Overweight rating on Ares Capital and raises the price target from $20.5 to $21. This could potentially lead to an increase in ARCC's stock price.
The raised price target by JP Morgan indicates a positive outlook for Ares Capital. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100