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Piper sees moves by Conn's to remove credit risk

May 11, 2015 11:59 AM ETConn's, Inc. (CONN) StockCONNBy: Clark Schultz, SA News Editor1 Comment
  • Piper Jaffray sees a strong possibility Conn's (CONN +6.9%) will sell its loan portfolio.
  • A sale could generate as much as $1.2B for the company.
  • Another positive catalyst identified by Piper is a potential new strategy by Conn's to sell off all receivables immediately after they are underwritten to remove credit risk.
  • Shares of Conn's are rated Overweight by Piper with a $45 price target.
  • Piper Jaffray research note

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