UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT on Regional Management Corporation
In a report published Wednesday, Jefferies & Company reiterated its Buy rating on Regional Management Corporation (NYSE: RM), but slightly lowered its price target from $23.00 to $22.00.
Jefferies & Company noted, “Last night, RM pre-announced 4Q12 EPS and provided selected preliminary results for 4Q12. The miss reported for 4Q12 is mainly on the revenue side as it appears some earnings from the 4Q12 period have slipped into the 1Q13 period.”
Regional Management Corporation closed on Tuesday at $16.55.
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