Ares Commercial up 3% after two-notch upgrade at BAML

|About: Ares Commercial Real Est... (ACRE)|By:, SA News Editor

Calling Ares Commercial Real Estate (ACRE +3.3%) a deep value opportunity with improving financial performance and a significant valuation discount, analyst Kenneth Bruce upgrades to Buy from Underperform.

Source: Bloomberg

Previously: Ares Commercial Real Estate beats by $0.03, beats on net interest income (May 1)

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