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Fly News Breaks for February 26, 2016
PRAA
Feb 26, 2016 | 06:34 EDT
JMP Securities analyst David Scharf downgraded PRA Group due to the downward revision to its long-term growth target due to supply headwinds and increased compliance costs in 2016. The analyst would like to see lower allowances, a path to greater U.S. core purchasing, and a positive resolution of the OCC guideline, before he expects a material increase in the multiple.
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