Oportun Financial price target raised to $4 from $3.50 at Jefferies

Jefferies raised the firm’s price target on Oportun Financial (OPRT) to $4 from $3.50 and keeps a Hold rating on the shares. Conditions remain favorable for specialty finance companies, with the macro environment supporting improving credit performance for installment lenders after a lengthy period of credit tightening and demand remaining strong in the U.S. for pawn loans and discount retail, the analyst tells investors in a Q4 preview note.