Janney Montgomery Scott Starts Hercules Technology Growth Capital (HTGC) at Buy; Potential Growth Not Reflected in Valuation

Janney Montgomery Scott initiates coverage on Hercules Technology Growth Capital (NASDAQ: HTGC) with a Buy. PT $12.50.

JMS analyst says, "We see an attractive risk/reward trade-off in HTGC shares and are initiating coverage with a BUY rating. Hercules is a provider of growth debt capital to the venture market. With credit quality improving, significant dry powder to fund new investment, and strong venture capital demand, Hercules is positioned to grow NII/share and the dividend by 47% and 30%, respectively, over the next two years."

For more ratings news on Hercules Technology Growth Capital click here and for the rating history of Hercules Technology Growth Capital click here.

Shares of Hercules Technology Growth Capital closed at $10.36 yesterday.

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