JP Morgan Maintains Overweight on Ares Capital, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Melissa Wedel maintains an Overweight rating on Ares Capital (NASDAQ:ARCC) and raises the price target from $21.5 to $22.
May 02, 2024 | 3:21 pm
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JP Morgan analyst Melissa Wedel maintains an Overweight rating on Ares Capital and raises the price target from $21.5 to $22.
The upgrade in price target by a reputable analyst like Melissa Wedel from JP Morgan is a strong positive signal for Ares Capital. It suggests a bullish outlook on the stock's future performance, potentially leading to increased investor confidence and upward price movement in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100