Horizon Technology price target lowered to $13 from $15 at Maxim

Maxim lowered the firm’s price target on Horizon Technology (HRZN) to $13 from $15 and keeps a Buy rating on the shares after its Q4 earnings miss. The company’s investment portfolio grew for the second consecutive quarter after three quarters of decline or no growth, but the firm lowers its price target on lower net asset value and no cushion in dividend coverage, the analyst tells investors in a research note.

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