UPDATE: Stifel Nicolaus Downgrades Horizon Technology Finance to Hold

Loading...
Loading...
Stifel Nicolaus lowers its rating on Horizon Technology Finance
HRZN
on valuation as shares exceed now-discontinued target price of $16.50. Stifel Nicolaus says, "The shares of Horizon Technology Finance (
HRZN
) have exceeded our $16.50 target price (currently at $16.74) and we are downgrading the shares from Buy to Hold. We continue to have a high degree of confidence in the company, the business model, and the 10.8% dividend yield; however, we now recommend investors Hold the shares for the dividend yield and allocate new investment dollars to higher return names." HRZN closed at $16.74 a share yesterday.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetReiterationIntraday UpdateAnalyst RatingsStifel Nicolaus
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...