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Fly News Breaks for April 15, 2016
BOFI
Apr 15, 2016 | 09:46 EDT
Craig-Hallum analyst Brad Berning said yesterday's Seeking Alpha short report discussing Bofl Holding's recent amended shareholder lawsuit is mostly a rehash of prior allegations from the Erhart lawsuit. The analyst points out that Erhart's own lawsuit admits that regulators have not granted merit to his allegations. Berning said the lawsuit is a near-term overhang and it will take time for the fiscal year-end audit to clear the air. The analyst reiterates his Buy rating and $35 price target on Bofl Holding.
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