Market Currents
Ares Capital's (ARCC) coverage is resumed at JMP Securities with an Outperform and price target...
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Wednesday, October 24, 2012, 7:14 AM ETAres Capital's (ARCC) coverage is resumed at JMP Securities with an Outperform and price target of $19. No details are available, but JMP surely notes what owners of Ares know (see Q2 earnings transcript): Banks dealing with slimming interest margins, weak loan growth, and a heavy regulatory foot are giving up a lot of territory to BDCs like Ares.
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