Atlanticus price target lowered to $72 from $75 at Citizens JMP

Citizens JMP analyst David Scharf lowered the firm’s price target on Atlanticus (ATLC) to $72 from $75 and keeps an Outperform rating on the shares. The firm updated its forecast to reflect larger investments in personnel following both improvements in the macroeconomic outlook for the company’s target customers and the significant reduction in the overhang from the finalized late fee rules, the analyst tells investors in a research note. Investments in the business are expected to rise as the company catches up following prudent cost management, the firm says.