UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Consumer Portfolio Services on December Activity Review - Consumer Pf Servs (NASDAQ:CPSS)

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In a report published Friday, Jefferies analyst John Hecht reiterated a Buy rating on

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Consumer Portfolio Services

(NASDAQ: CPSS), and raised the price target from $9.00 to $10.00.In the report, Jefferies noted, “In this monthly publication of Non-Prime Prime Time, we review important trends and activities in December, with a focus on items that may be indicators for near term performances. In this note, we review credit trends, macroeconomic-factors and regulatory events which may shape the industry going forward. We continue to recommend LEAF and SC based upon growth opportunities and mis-priced risk, respectively.”Consumer Portfolio Services closed on Wednesday at $7.39.