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Fly News Breaks for September 21, 2017
PRAA
Sep 21, 2017 | 06:06 EDT
Raymond James analyst Robert Dodd downgraded PRA Group to Underperform citing the material impact of rising interest expense and declining revenue recognition rates and fee income. The analyst said the slight improvement in pricing/supply trends is not enough in the near-term to offset the declining yields of older portfolios with much higher revenue recognition rates close out.
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