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Fly News Breaks for January 6, 2020
Jan 6, 2020 | 10:36 EDT
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.
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