Wedbush raised the firm’s price target on Burford Capital (BUR) to $5 from $4.75 and keeps a Neutral rating on the shares. The firm notes the company reported Q1 results that were overwhelmingly driven by a massive $2.4B non-cash YPF write-down following the Second Circuit’s reversal of the $16.1B judgment against Argentina.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BUR:
- Burford Capital downgraded to Hold from Buy at Deutsche Bank
- Burford Capital reports Q1 EPS ($7.46), consensus ($1.90)
- Burford Capital Highlights Strong Liquidity Despite YPF-Related Charge in 1Q26
- Burford Capital names Travis Lenkner as COO
- Burford Capital Sets May 8 Date for First-Quarter 2026 Results and Investor Call