In a report published Tuesday, Credit Suisse analyst Moshe Orenbuch initiated coverage on Santander Consumer USA SC with an Outperform rating and $29.00 price target.
In the report, Credit Suisse noted, “We are initiating coverage of Santander Consumer USA with an Outperform rating. Santander Consumer USA (SCUSA) is a leader in the subprime consumer finance industry that is using its differentiated servicing platform to expand into prime auto and its credit decisioning to expand into unsecured lending, giving it a far more diversified and robust offering.”
Santander Consumer USA closed on Monday at $25.90.
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