KBW Maintains Market Perform on Encore Capital Group

KBW is out with its report today on Encore Capital Group ECPG, maintaining Market Perform. In its report, KBW writes, "Operating EPS were in line with our estimate as higher revenues were offset by higher operating expenses. Maintaining forward EPS estimates and price target." KBW has a $30 PT on ECPG. At the time of posting, shares of ECPG were trading at $23.80, down 15.75% from Monday's close.