Canaccord analyst Joseph Vafi lowered the firm’s price target on Open Lending (LPRO) to $2 from $7 and keeps a Hold rating on the shares. The firm said Q3 results underscored the company’s steps to improve the quality of its book and deliver more predictable results. In Canaccord’s view, the new lending standards and rate adjustments are proving resilient but they lowered the target to better align with their Hold rating.
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