VAST VIEW Citizens Reiterates Rating on Ares Capital, Cites Scale Advantage
Analysts at Citizens reaffirmed their stock rating on Ares Capital, pointing to the business development company's scale advantage, according to Investing.com.
Investing.com News
Citizens has reiterated its rating on shares of Ares Capital, according to Investing.com. The firm's analysts pointed to Ares Capital's scale advantage within the business development company sector as a key factor behind the reaffirmed rating.
Details on the specific rating level or price target were not included in the available reporting. Ares Capital is one of the larger publicly traded business development companies, providing financing to middle-market businesses.
Investing.com did not provide additional commentary from Citizens beyond the scale-related rationale for maintaining its current stance on the stock.
Sources: Investing.com News
More from Money
The bar is higher for software companies now that their stocks have been outperforming, but analysts identify some top picks whose results could shine through.
Heating-oil prices are at record highs. Washington’s answer is a loan you will never see and a pipeline that does not exist.