Burford Capital initiated with a Buy at Deutsche Bank

Deutsche Bank analyst Mark DeVries initiated coverage of Burford Capital with a Buy rating and $18 price target. Burford is the “market leader in litigation finance,” says the analyst, who notes that Burford manages the world’s largest portfolio of commercial legal assets and is “uniquely positioned to continue capitalizing on the growing corporate demand.” The firm views current levels as an attractive entry point with potential positive catalysts from accelerating revenue growth and favorable litigation developments, the analyst tells investors.