- Compass Point launches coverage on a couple of less-than-prime auto lenders, with Credit Acceptance Corp. (CACC -2.6%) started at Sell and Santander Consumer (SC -1.7%) started at Neutral, with price targets of $104 and $23, respectively.
- In one other financial sector coverage launch, Starwood Waypoint (SWAY +0.3%) is initiated with an Outperform at KBW.
New financial sector coverage includes subprime auto lenders
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