Ares Commercial price target raised to $11.50 from $11.00 at JMP Securities

JMP Securities analyst Steven DeLaney raised the firm’s price target on Ares Commercial to $11.50 from $11.00 and keeps an Outperform rating on the shares. Ares’ Q2 distributable EPS of 35c matched the firm’s Street-high estimate and was well above the 28c consensus, the analyst tells investors in a research note.