KBW Adjusts ARCC EPS Estimates
By BenzingaStaffL
May 04, 2011 9:12 AM
May 04, 2011 9:12 AM
Following Ares Capital Corporation (NASDAQ: ARCC) earnings results, “we are lowering our 2011 and 2012 Core EPS estimates to $1.36 (from $1.44) and $1.53 (from $1.64), respectively,” KBW reports.
“However, we are maintaining our $18 price target and Market Perform rating,” KBW adds.
Ares Capital Corporation closed Tuesday at $17.40.
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