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Hercules Capital upgraded to Overweight from Neutral at Piper Sandler
The Fly

Hercules Capital upgraded to Overweight from Neutral at Piper Sandler

Piper Sandler analyst Crispin Love upgraded Hercules Capital to Overweight from Neutral with an unchanged price target of $16. The recent pullback in shares creates an opportunity to buy a company that has "material upside" to estimates driven by near-term growth opportunities, the analyst tells investors in a research note. In addition, the rate outlook over the next several quarters to drive higher net investment income, says the firm. Piper says the recent bank turmoil could drive demand and benefit venture lenders.

Published first on TheFly

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