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Ares Capital price target lowered to $22 from $23.50 at B. Riley

B. Riley analyst Sean-Paul Adams lowered the firm’s price target on Ares Capital (ARCC) to $22 from $23.50 and keeps a Buy rating on the shares. The firm adjusted the company’s model post the Q4 report. Riley cites slight declines in Ares Capital’s total forward earnings profile for the reduced target.

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