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Ares Capital: Earnings Likely Peaked – Brace For Impact In 2024 (Downgrade) (NASDAQ:ARCC)

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Ares Capital (NASDAQ:ARCC) is one of the market’s leading business development companies or BDC. It last traded at a market cap of $11.4B. With a forward core earnings multiple of 8.5x, it’s also ahead of its peers’ median of 7.8x, suggesting a relativeprevious update

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