JMP Securities analyst David Scharf raised the firm’s price target on Enova International to $103 from $93 and keeps an Outperform rating on the shares. The firm saw generally strong performance during Q3 among its Consumer Finance and Consumer FinTech stocks as most names have participated in the broader rally within the financial services sector, the analyst tells investors in a research note. Enova remains the firm’s top growth and secular pick, with the firm saying the stock is est positioned in terms of secular tailwinds, limited competition nationally, funding advantages, portfolio diversification, and capital returns.
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