Aegis analyst Ben Zucker initiated coverage of Horizon Technology with a Hold rating and $13.10 price target. In a research note to investors, Zucker says Horizon is a unique specialty lender worthy of its premium valuation vs. peers. The analyst says Horizon's investment strategy, under which debt capital generates a predictable and consistent income stream and also receives equity positions and/or warrants alongside its debt investments, allowing the company to participate in potential capital appreciation, is quite timely in today's market where there is an obvious lack of yield.