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Fly News Breaks for June 8, 2018
CPSS
Jun 8, 2018 | 07:10 EDT
As previously reported, JMP Securities analyst David Scharf upgraded Consumer Portfolio Services to Outperform from Market Perform, noting that the company appears to be turning the corner on "several fronts." Consumer Portfolio had more restrained origination volumes in 2017 and year-to-date in response to the competitive environment, but still extended its streak of consecutive quarters of positive pre-tax earnings and book value accretion to 26, noted Scharf, who set a $6 price target on the stock.
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