Hercules Capital price target raised to $21 from $19 at Ladenburg

Ladenburg analyst Christopher Nolan raised the firm’s price target on Hercules Capital to $21 from $19 and keeps a Buy rating on the shares as the firm is raising EPS estimates based on the company’s Q1 results and management’s Q2 guidance. Balance sheet leverage remains low and asset quality remains strong at Hercules, the analyst tells investors in a post-earnings note.