Raymond James Maintains Outperform on Open Lending, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst John Davis has maintained an 'Outperform' rating on Open Lending (NASDAQ:LPRO), but lowered the price target from $12 to $8.
November 08, 2023 | 1:23 pm
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NEGATIVE IMPACT
Open Lending's price target has been lowered from $12 to $8 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially lead to a short-term negative impact on Open Lending's stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100