Truist Securities Maintains Buy on Encore Capital Gr, Lowers Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Encore Capital Group (NASDAQ:ECPG) but has lowered the price target from $70 to $64.
August 20, 2024 | 2:27 pm
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Truist Securities has maintained a Buy rating on Encore Capital Group but reduced the price target from $70 to $64, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in Encore Capital Group's prospects, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100