UPDATE: Wunderlich Securities Downgrades Hercules Technology Growth Capital on Approaching Fair Value

In a report published Thursday, Wunderlich Securities analyst Merrill Ross downgraded the rating on Hercules Technology Growth Capital (NYSE: HTGC ) from Buy to Hold, but raised the price target from $16.50 to $18.00. In the report, Wunderlich Securities noted, “Hercules Technology Growth Capital (HTGC) reported 3Q13 NII of $0.35