SuRo Capital price target raised to $8 from $7 at Citizens JMP

Citizens JMP raised the firm’s price target on SuRo Capital (SSSS) to $8 from $7 and keeps an Outperform rating on the shares following the Q4 results. The focus is shifting to portfolio appreciation following “robust” deployment activity in 2024, and its portfolio is well-positioned in 2025 for appreciation, with a path for net asset value to expand back to the double-digits over time, the analyst tells investors in a research note. Strong NAV growth should ultimately result in healthy dividends back to shareholders over time, and the firm sees a path for the stock to get back to at least book value.