Oppenheimer Maintains Outperform on Ares Capital, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Mitchel Penn maintains an Outperform rating on Ares Capital (NASDAQ:ARCC) and raises the price target from $21 to $22.
May 02, 2024 | 12:35 pm
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POSITIVE IMPACT
Oppenheimer maintains an Outperform rating on Ares Capital and raises the price target from $21 to $22.
The upgrade in price target by a reputable analyst like Mitchel Penn from Oppenheimer suggests a strong confidence in Ares Capital's future performance. This is likely to be viewed positively by the market, potentially leading to a short-term increase in ARCC's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100