Lucid Capital analyst Ethan Kaye initiated coverage of Hercules Capital (HTGC) with a Buy rating and $19.75 price target The firm says the recent selloff in business development company stocks has created a buying opportunity for shares of Hercules Capital. The company is a “differentiated operator with a leading market position, strong track record and demonstrated ability to grow NAV per share,” the analyst tells investors in a research note.
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