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Fly News Breaks for July 18, 2017
SC
Jul 18, 2017 | 09:02 EDT
As noted earlier, JMP Securities upgraded Santander Consumer to Outperform from Market Perform. As reasons for the upgrade, analyst David Scharf cited valuation, his belief that its decision to reduce the number of subprime loans it originates lowers its risk and leaves it well-positioned "to take advantage of eventual competitive easing," and his belief that its credit losses should fall in 2018 versus 2017. Target $16.
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