UPDATE: Ladenburg Thalmann Lowers PT on GSV Capital, Sees Growth Opportunities

Ladenburg Thalmann has published a research report on GSV Capital

and has lowered the price target from $20.25 to $17.75 as the company has opportunities for exposure in private, emerging growth companies. In the report, Ladenburg Thalmann writes, "According to recent data from Dealogic, the number of IPOs completed in the prior decade (2001 through 2010) dropped 64% from the decade of the 1990s. At the same time, companies that are coming public are waiting longer and generally reaching the Street with much higher market valuations than in past decades. This trend continued in 2011 and early in 2012 with companies such Linkedin (LNKD, $101.33, Not rated), (YELP, $18.00, Not Rated) and most recently Facebook (FB, $31.00, Not Rated) with an approximate valuation of more than $100 billion. The GSV model offers traditional growth investors the opportunity to participate in the ongoing wealth creation happening with many of today's fastest growth, emerging companies while they are still private." Ladenburg Thalmann maintains its Buy rating on GSV Capital, which is currently trading up $0.68 from yesterday's $11.60 closing price.