Enova International initiated with a Buy at Seaport Research

Seaport Research initiated coverage of Enova International (ENVA) with a Buy rating and $124 price target The data that has been collected since 2004 provides the company with “a strong competitive advantage,” particularly in loan underwriting and generating superior credit performance, while competition is fairly limited and the company’s market share is “very small,” which should allow Enova to provide controlled growth over the long-term in the sub- and non-prime consumer loan markets, the analyst tells investors.