UPDATE: Deutsche Bank Raises Target on Solar Capital to $26.50

Deutsche Bank raises its price target on Buy-rated Solar Capital

by $1 to $26.50 on largely-in-line Q4 results. Deutsche Bank says, "While 4Q earnings ex-gains missed our estimates by two cents, we consider 4Q results to be basically in line given revenue was in line and excise taxes were responsible for a penny of the shortfall. NAV increased sequentially by 4% to $22.02 per share, and the company had roughly $300 million of capital available for investment at year end. We expect new investments and capital being recycled into higher yielding investments to drive earnings growth in 2012. We are increasing our target to $26.50 per share." SLRC closed at $23.15 a share on Thursday.