Keefe Bruyette & Woods Has Outperform Rating On Hercules Technology Growth Capital (HTGC)

Keefe Bruyette & Woods has an Outperform rating and a $12 price target on shares of Hercules Technology Growth Capital HTGC.

In a note to clients, KBW writes, "Following Hercules Technology Growth Capital's 4Q10 earnings announcement, we are maintaining our 2011 NOI/share estimate of $0.98 and introducing our new 2012 NOI/share estimate of $1.04. We are also maintaining our $12 price target and Outperform rating."

Shares of HTGC closed at $11.10 yesterday.