17.8 C
New York
Thursday, May 16, 2024
HomeMarkets
Markets

UPDATE: Jefferies Reiterates Raises PT On Consumer Portfolio Services On December Activity Review

By Insider Scoop
1
56
psw-placeholder
psw-placeholder

Courtesy of Benzinga.

Related CPSS
Compass Point Cites Industry Iceberg As Feds Probe Subprime Auto Lenders
UPDATE: Compass Point Initiates Coverage On Consumer Portfolio Services

In a report published Friday, Jefferies analyst John Hecht reiterated a Buy rating on Consumer Portfolio Services, Inc. (NASDAQ: CPSS), and raised the price target from $9.00 to $10.00.

In the report, Jefferies noted, “In this monthly publication of Non-Prime Prime Time, we review important trends and activities in December, with a focus on items that may be indicators for near term performances. In this note, we review credit trends, macroeconomic-factors and regulatory events which may shape the industry going forward. We continue to recommend LEAF and SC based upon growth opportunities and mis-priced risk, respectively.”

Consumer Portfolio Services closed on Wednesday at $7.39.

Latest Ratings for CPSS

Date Firm Action From To
Sep 2014 Jefferies Initiates Coverage on Buy
Jul 2014 Compass Point Initiates Coverage on Buy
May 2014 JMP Securities Maintains Market Outperform

View More Analyst Ratings for CPSS
View the Latest Analyst Ratings

Posted-In: Jefferies John HechtAnalyst Color Price Target Analyst Ratings

1 COMMENT

Subscribe
Notify of
1 Comment
Inline Feedbacks
View all comments

Stay Connected

157,217FansLike
396,312FollowersFollow
2,300SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024
1
0
Would love your thoughts, please comment.x
()
x