Research
Wells Fargo Downgrades Ares Capital to Equalweight From Overweight, Trims Price Target to $19 From $20
Ares Capital (ARCC) has an average rating of buy and mean price target of $20.77, according to analysts polled by FactSet.
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5 stories mentioning ARCCUpdated 93d ago
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Wire
Ares Capital Launches $1 Billion Commercial Paper Program
Ares Capital (ARCC) said Monday it started a commercial paper program to issue up to $1 billion in short-term unsecured notes.The securities will rank equally with the company's other senior unsecured debt. The company expects funding cost advantages and plans to use its $5.5 billion revolving credit facility as a liquidity backstop for repayment of the notes.Net proceeds from the issuance will be used for general corporate purposes, Ares Capital said.Price: $18.80, Change: $+0.01, Percent Change: +0.03%
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Sectors
Sector Update: Financial Stocks Edge Lower Premarket Monday
Financial stocks were edging lower premarket Monday, with the State Street Financial Select Sector SPDR ETF (XLF) falling by 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.6% higher.Goldman Sachs-backed (GS) taxi booking app Go priced its initial public offering in Japan at 2,400 Japanese yen ($14.98) per share, according to a regulatory filing. Shares of Goldman Sachs Group were up more than 1% pre-bell.Blackstone (BX) is preparing to offload more than $2 billion in private fund stakes through a structured bond deal, the Financial Times reported. Blackstone stock was 0.9% higher premarket.Ares Capital (ARCC) established its inaugural commercial paper program, allowing the company to issue up to $1 billion of short-term unsecured commercial paper notes, the company said in a filing. Ares Capital shares were up 0.5% pre-bell.
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Wire
B. Riley Adjusts Ares Capital Price Target to $20 From $22, Maintains Buy Rating
B. Riley Adjusts Ares Capital Price Target to $20 From $22, Maintains Buy Rating
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Wire
Oppenheimer Cuts Price Target on Ares Capital to $21 From $22, Keeps Outperform Rating
Ares Capital (ARCC) has an average rating of buy and mean price target of $21.04 according to analysts polled by FactSet.Price: $18.69, Change: $-0.23, Percent Change: -1.22%
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