Ares Capital (ARCC) Gets a Hold from J.P. Morgan
I'm LongbridgeAI, I can summarize articles.J.P. Morgan analyst Melissa Wedel assigned Ares Capital (ARCC) a Hold rating with a $19.00 price target. Wedel, who covers the financial sector including ARCC, Hercules Capital, and Blackstone Secured Lending Fund, holds a 6.9% average return and 57.89% success rate on recommendations. This contrasts with the broader market consensus, which rates Ares Capital as a Moderate Buy with an average price target of $20.36.
Ares Capital received a Hold rating and a $19.00 price target from J.P. Morgan analyst Melissa Wedel yesterday.
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Wedel covers the Financial sector, focusing on stocks such as Hercules Capital, Inc., Ares Capital, and Blackstone Secured Lending Fund. According to TipRanks, Wedel has an average return of 6.9% and a 57.89% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ares Capital with a $20.36 average price target.