RBC Capital Reiterates Outperform on Ares Capital, Maintains $22 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Kenneth Lee has reiterated an Outperform rating on Ares Capital (NASDAQ:ARCC) and maintained a $22 price target.
May 23, 2024 | 2:14 pm
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RBC Capital has reiterated its Outperform rating on Ares Capital (NASDAQ:ARCC) and maintained a $22 price target, indicating continued confidence in the stock's performance.
The reiteration of an Outperform rating and the maintenance of a $22 price target by RBC Capital suggests strong confidence in Ares Capital's future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100