Yirendai (YRD) Tops Q3 EPS Views; Revs Heavy
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Needham & Company Raises Price Target on Yirendai (YRD) to $38 Following 3Q
November 16, 2016 3:30 PM ESTNeedham & Company reiterated a Buy rating on Yirendai Ltd. (NYSE: YRD), and raised the price target to $38.00 (from $35.00), following the company's 3Q earnings report. Revenue of $131.5 million was up 19.1% Q/Q and 137% Y/Y, ahead of $125.8 million estimates. The company also reported $0.85 in EPS, well above $0.27 estimates. The... More
