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On Deck's Problem Isn't Credit
Tuesday, May 3, 2016 - 10:47am | 290On Deck Capital Inc (NYSE: ONDK) reported weak results for 1Q16. Sterne Agee CRT’s Henry J. Coffey downgraded the rating for the company from Neutral to Underperform, while establishing a price target of $3.50. The analyst commented that although credit has been improving, costs continue to...
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LendingClub Growth Might Not Be What You Thought, Sterne Agee CRT Analyst Warns
Thursday, February 25, 2016 - 10:12am | 177Sterne Agee CRT's Henry J. Coffey downgraded the rating on LendingClub Corp (NYSE: LC) from Buy to Neutral, while reducing the price target from $10 to $8. "Given the overall size of the potential market for prime-based installment loans, small business products, health care finance,...