Credit Acceptance shares are trading lower. The company reported Q2 financial results and TD Cowen lowered its price target on the stock from $440 to $400.
Portfolio Pulse from Benzinga Newsdesk
Credit Acceptance shares are trading lower following the company's Q2 financial results and a price target reduction by TD Cowen from $440 to $400.
August 01, 2024 | 6:36 pm
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Credit Acceptance shares are trading lower due to disappointing Q2 financial results and a price target reduction by TD Cowen from $440 to $400.
The combination of underwhelming Q2 financial results and a lowered price target by a major analyst firm is likely to negatively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100