Velocity Financial Inc. (VEL) Tops Q2 EPS by 4c

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Velocity Financial (VEL) PT Raised to $20 at BTIG

August 2, 2024 12:26 PM EDT

BTIG analyst Sarah Barcomb raised the price target on Velocity Financial (NYSE: VEL) to $20.00 (from $18.00) while maintaining a Buy rating.

The analyst comments "We're raising our price target another ~10%, to $20/share from $18, as we see an increasingly stable and constructive backdrop to... More