Citizens JMP raised the firm’s price target on Atlanticus (ATLC) to $95 from $78 and keeps an Outperform rating on the shares. The acquisition of Mercury Finance will move Atlanticus’ portfolio modestly upmarket, with the Mercury loan book’s average FICO score 20 basis points above the legacy portfolio, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ATLC: