Wells Fargo analyst Finian O’Shea upgraded Ares Capital (ARCC) to Overweight from Equal Weight with a $23 price target The firm adjusted ratings in the business development company sector, saying Q3 credit headwinds were still broad but more benign.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARCC:
- Seeking at Least 9% Dividend Yield? Analysts Suggest 2 Dividend Stocks to Buy
- Ares Capital price target raised to $22 from $21 at B. Riley
- Ares Capital Reports Strong Investment Growth and Earnings
- Ares Capital: James Miller appointed co-president, board expanded by one member
- Ares Capital reports Q3 EPS 58c, consensus 59c