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Fly News Breaks for November 14, 2019
CACC
Nov 14, 2019 | 06:40 EDT
Credit Suisse analyst Moshe Orenbuch raised his price target for Credit Acceptance to $390 from $380 after the company's board approved a share repurchase on November 7 for 1M shares. In a research note to investors, Orenbuch says he is keeping his Underperform rating as he expects competition to continue pushing Credit Acceptance towards purchase loans which increase risk, adding that competition is also pressuring its originations.
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