BTIG analyst Vincent Caintic lowered the firm’s price target on Atlanticus (ATLC) to $84 from $90 and keeps a Buy rating on the shares post the earnings report. The firm cites the expenses needed to drive the company’s growth for the target cut. Atlanticus is performing well and the thesis of it growing share in the credit card space is intact, the analyst tells investors in a research note.
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Read More on ATLC:
- Atlanticus Holdings: Strong Growth Prospects and Strategic Partnerships Justify Buy Rating Despite Volatility
- ATLC Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Atlanticus reports Q1 EPS $1.49, consensus $1.50
- Atlanticus price target lowered to $72 from $75 at Citizens JMP
- Atlanticus Holdings: Strategic Positioning and Market Conditions Drive Buy Rating