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PRA Group price target raised to $33 from $31 at Truist

PRA Group price target raised to $33 from $31 at Truist

Truist analyst Mark Hughes raised the firm’s price target on PRA Group (PRAA) to $33 from $31 and keeps a Buy rating on the shares after its Q4 earnings beat. The firm cites the company’s higher assumed aggregate portfolio yield along with increased tailwinds from changes in recoveries, the analyst tells investors in a research note.

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