Atlanticus price target raised to $75 from $54 at JMP Securities

JMP Securities analyst David Scharf raised the firm’s price target on Atlanticus (ATLC) to $75 from $54 and keeps an Outperform rating on the shares following the recent expansion of its partnership with Synchrony (SYF). The firm’s checks indicate Atlanticus’s Fortiva retail card has recently been added as a financing option at Lowe’s (LOW), a top three retail partner of Synchrony, in addition to Mattress Firm, another significant partner with large ticket items, and these early successes with two of Synchrony’s significant partners bode well for the runway of retailers that could potentially integrate with Fortiva over the next year, the analyst tells investors in a research note.