Keefe, Bruyette & Woods Downgrades Portfolio Recovery Associates (PRAA) to Underperform After Q3 Results

October 30, 2009 8:53 AM EDT

Keefe, Bruyette & Woods downgrades Portfolio Recovery Associates (Nasdaq: PRAA) to Underperform, lowers price target to $35.

Keefe analyst says, "Q309 results were lower compared to our estimate primarily due to lower commission revenues than we had forecast. We are lowering our EPS estimates, price target and rating."

To see more analyst ratings on PRAA Click Here.

Portfolio Recovery Associates, Inc. provides outsourced receivables management and related services in the United States.


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PRAA 47.43

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