TD Cowen raised the firm’s price target on Credit Acceptance (CACC) to $470 from $460 and keeps a Hold rating on the shares. The firm updated its model following its Q4 earnings beat on lower provision and tax rate.
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 CACC:
- Credit Acceptance reports Q4 adjusted EPS $11.35, consensus $9.85
- CACC Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Credit Acceptance Announces Retirement of Two Senior Officers
- Credit Acceptance Extends and Reprices Term ABS Financing
- Credit Acceptance upgraded to Hold from Sell at TD Cowen