Atlanticus price target raised to $102 from $100 at Citizens

Citizens raised the firm’s price target on Atlanticus (ATLC) to $102 from $100 and keeps an Outperform rating on the shares. Consumer demand and credit trends remain stable despite recent macro headlines overhanging the consumer finance sector, while competition is not impacting originations, the analyst tells investors in a research note. The company has already implemented a significant share of the planned revenue synergies with Mercury while cost benefits continue to materialize, the firm adds.