BTIG initiated coverage of Oportun Financial (OPRT) with a Buy rating and $10 price target The firm is positive on the company’s management team finally executing on the recovery as credit losses are moving down to 9%-11% from current 12% and operating efficiency is improving to 12.5% operating expense as a percentage of receivables from 13.8%, the analyst tells investors in a research note. These goals are correct, and the firm is encouraged that trends have been pointing in the right direction, BTIG adds.
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