Keefe Bruyette upgraded Hercules Capital (HTGC) to Outperform from Market Perform with a price target of $21.50, up from $19.50. The firm expects business development company earnings to be slightly more challenged in 2025, but says the outlook is “still quite positive” for the sector. Keefe expects credit risk to decline heading into next year and says lower credit losses can generate net returns that are still attractive. It is recommending Hercules Capital as one of its top picks for 2025.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HTGC:
- Hercules Capital management to meet virtually with JMP Securities
- Disc Medicine secures $200M in non-dilutive debt financing
- Seeking at Least 9% Dividend Yield? Analysts Suggest 2 Dividend Stocks to Buy
- Hercules Capital Reports Strong Q3 2024 Results
- Hercules Capital reports Q3 NII 51c, consensus 51c