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Fly News Breaks for February 1, 2018
SC, CACC
Feb 1, 2018 | 09:03 EDT
BMO Capital analyst James Fotheringham lowered his price target on Credit Acceptance (CACC) to $295 after the company's Q4 earnings miss, citing lower cash flow valuation and higher operating expenses. The analyst keeps his Market Perform rating, adding that Credit Acceptance stock trades at 56% premium to Santander Consumer (SC) and prefers that investors "switch" into the latter.
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