JMP Securities Maintains Market Outperform on Encore Capital Gr, Lowers Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst David Scharf maintains a Market Outperform rating on Encore Capital Gr (NASDAQ:ECPG) but lowers the price target from $61 to $56.
November 06, 2023 | 3:33 pm
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NEUTRAL IMPACT
Encore Capital Gr's price target has been lowered from $61 to $56 by JMP Securities, though the Market Outperform rating is maintained.
While the lowering of the price target might initially seem negative, the maintenance of the Market Outperform rating indicates that JMP Securities still sees potential in Encore Capital Gr. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100