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Wedbush upgrades Hercules Capital to outperform

Wedbush analyst Henry Coffey upgraded Hercules Capital Inc. from "neutral" to "outperform."

The analyst said that the sell-off seen since the stock's peak in November 2017 has created an attractive entry point for the shares. After the release of third-quarter results, the company addressed many of the concerns and specified that it was renewing its commitment to being "internally managed," Coffey wrote.

The company's dividend and the possibility of share price appreciation could create a total return of 20% over the next 12 months, the analyst said.

Coffey placed his 12-month price target for the company's shares at $13.75. His EPS estimates for the company are $1.18 for 2017 and $1.25 for 2018.