Hercules Capital price target raised to $19 from $18.50 at Ladenburg

Ladenburg raised the firm’s price target on Hercules Capital to $19 from $18.50 and keeps a Buy rating on the shares. The company’s Q4 results reflected higher revenues, on a smaller investment portfolio base reflecting an accelerating pace of investment repayments, the analyst tells investors in a research note. The firm increased estimates and believes Hercules Capital’s asset quality is improving.