Keefe Bruyette & Woods Lowers Asset Acceptance Capital Corporation Price Target (AACC)

Keefe Bruyette & Woods is lowering its earnings estimates and price target on shares of Asset Acceptance Capital Corporation AACC after the company missed Q2 earnings estimates. In the report, Keefe Bruyette & Woods writes, "AACC reported 2Q10 EPS [ROCK: $0.03, $0.03, $0.02, $0.04]. Operating earnings were lower than we had estimated primarily due to lower purchased receivable revenues than we had forecast. Lowering estimates and price target." Keefe Bruyette & Woods rates AACC as Market Perform with a $5 price target. Shares of Asset Acceptance are flat on the day, at $4.49.