Ares Capital's (ARCC) coverage is resumed at JMP Securities with an Outperform and price target...

|About: Ares Capital (ARCC)|By:, SA News Editor

Ares 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.