NewtekOne price target raised to $14 from $13 at B. Riley

B. Riley raised the firm’s price target on NewtekOne (NEWT) to $14 from $13 and keeps a Neutral rating on the shares. Relative to peers, NewtekOne trades at a sizable discount, the analyst tells investors in a research note. The firm continues to believe that the market is likely to focus on NewtekOne’s credit trends over the near-to-medium term and is unlikely to give it credit for above-average profitability until the loan portfolio seasons.