Truist Securities Maintains Buy on Ares Capital, Raises Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Mark Hughes has maintained a Buy rating on Ares Capital (NASDAQ:ARCC) and increased the price target from $22 to $23.
May 02, 2024 | 1:08 pm
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Truist Securities has reaffirmed its Buy rating on Ares Capital and raised the price target from $22 to $23.
The upgrade in the price target by Truist Securities reflects a positive outlook on Ares Capital's performance, likely leading to increased investor confidence and potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100