B. Riley Securities Downgrades Ares Capital to Neutral, Announces $21 Price Target
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Bryce Rowe has downgraded Ares Capital (NASDAQ:ARCC) from Buy to Neutral and set a price target of $21.

January 08, 2024 | 3:12 pm
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Ares Capital was downgraded by B. Riley Securities from Buy to Neutral with a price target of $21.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target of $21 suggests limited upside potential from the current trading levels, which may also contribute to a bearish outlook in the short term.
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