BTIG raised the firm’s price target on Atlanticus (ATLC) to $105 from $84 and keeps a Buy rating on the shares. The firm is raising its EPS view for the company following the acquisition of Mercury Finance. BTIG adds that its estimates could be conservative in purchase volume and receivables growth rates, operating leverage, and credit trends.
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Read More on ATLC:
- Atlanticus price target raised to $63 from $56 at Janney Montgomery Scott
- Atlanticus acquires Mercury Financial for $162M
- Atlanticus Holdings Completes $400M Senior Notes Offering
- Atlanticus price target raised to $78 from $75 at Citizens JMP
- Atlanticus Holdings: Strong EPS Beat and Purchase Volume Surge Support Buy Rating