Hercules Capital price target raised to $19 from $18 at JMP Securities

JMP Securities raised the firm’s price target on Hercules Capital to $19 from $18 and keeps an Outperform rating on the shares. The firm would characterize Q4 results and trends as generally healthy for most business development companies under coverage, and believes the industry is in a strong position to benefit from many of the secular shifts taking place across the broader capital markets and lending ecosystem, the analyst tells investors in a research note.