In a report published Friday, Jefferies analyst John Hecht reiterated a Hold rating on Regional Management Corporation RM, and raised the price target from $14.00 to $16.00.
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.”
Regional Management Corporation closed on Wednesday at $15.49.
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