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Hercules Capital price target raised to $21 from $20 at Piper Sandler

Piper Sandler raised the firm’s price target on Hercules Capital (HTGC) to $21 from $20 and keeps an Overweight rating on the shares. The firm notes Hercules posted a beat versus PSC and the Street and had a record quarter of originations. Piper views the results as very strong in the current environment with continued momentum in investment activity and improving credit.

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