- 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