Sezzle initiated with a Hold at TD Cowen

TD Cowen analyst Hoang Nguyen initiated coverage of Sezzle (SEZL) with a Hold rating and $82 price target The firm says the company is “more narrowly focused” than some other buy now pay later providers, with a primary focus on pay-in-four and a specialization in lower income consumers. The company is executing well and growing fast, but so is the group, and Sezzle’s peers are also trading in a narrow valuation range, the analyst tells investors in a research note.