FlexShopper price target lowered to 50c from $2.50 at H.C. Wainwright

H.C. Wainwright analyst Scott Buck lowered the firm’s price target on FlexShopper (FPAY) to 50c from $2.50 and keeps a Buy rating on the shares. The company’s regulatory filing regarding multiple board resignations as well as the resignation of President and Chief Operating Officer John Davies brings more questions than answers, the analyst tells investors in a research note. However, the firm still sees value in the shares.