Atlanticus price target raised to $54 from $45 at JMP Securities

JMP Securities raised the firm’s price target on Atlanticus (ATLC) to $54 from $45 and keeps an Outperform rating on the shares. The firm sees modestly slower receivables growth in the coming quarters given the company’s continued prudent approach to opening the credit box and slight delays in new marketing initiatives within general purpose card, the analyst tells investors in a research note. The company remains in a “wait and see” mode regarding the incoming administration’s plans for proposed CFPB rulemaking, JMP adds.