for April lifted investors' hopes for rate cuts from the Federal Reserve – and that environment could prove favorable for dividend-paying stocks.
Overall, Lee is bullish on ARCC due to its scale and capital position, access to the resources of the broader Ares Credit Group platform, experienced leadership team, and expectations that it can deliver annualized return on equity above peer averages. Meanwhile, the analyst expects BIP's capital deployment to be focused on tuck-in opportunities in its existing businesses. He highlighted that the company's acquisition pipeline also includes large-scale opportunities focused on Asia-Pacific, North America and Europe. The analyst expects new investment activity to pick pace through 2024.
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