Hercules Capital downgraded to Neutral from Buy at Compass Point

Compass Point analyst Casey Alexander downgraded Hercules Capital to Neutral from Buy with a price target of $17.50, up from $17. The analyst says the stock’s risk/reward proposition argues for moving to the sidelines at the current price and waiting for a better risk/reward proposition. The firm sees the stock’s upside limited by Hercules Capital’s current valuation.