JMP Securities Maintains Market Outperform Rating for Encore Capital Gr: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JMP Securities has maintained its Market Outperform rating for Encore Capital Gr (NASDAQ:ECPG) but lowered its price target from $61.00 to $56.00. Encore Capital's shares are currently trading down 1.05% at $42.30 per share. A move to $56.00 would represent a 32.39% increase from the current share price.
November 06, 2023 | 5:00 pm
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NEUTRAL IMPACT
Encore Capital Gr's price target has been lowered by JMP Securities, although the Market Outperform rating has been maintained. The new price target represents a potential 32.39% increase from the current share price.
The lowering of the price target by JMP Securities could potentially have a negative impact on the stock price in the short term. However, the maintenance of the Market Outperform rating suggests that the analysts still see potential for the stock to perform well in the market, which could offset any negative impact. The new price target represents a significant potential increase from the current share price, which could attract investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100