Ares Capital Reaches Analyst Target Price
February 07, 2017 at 09:10 AM EST
In recent trading, shares of Ares Capital Corp (ARCC) have crossed above the average analyst 12-month target price of $17.25, changing hands for $17.30/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..