Truist analyst Mark Hughes raised the firm’s price target on Encore Capital (ECPG) to $100 from $80 and keeps a Buy rating on the shares as part of a broader research note previewing Q1 results in Specialty Finance. Collection indicators are positive for Q1 based on acceleration in Truist Card Trust Recovery Index and double-digit gains in tax refunds, the analyst tells investors in a research note. Encore’s cash returns also continued to advance last quarter and were within 50 bps of Jefferson Capital (JCAP), the firm added.
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