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

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.
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