Enova International price target raised to $62 from $58 at JMP Securities

JMP Securities raised the firm’s price target on Enova International to $62 from $58 and keeps an Outperform rating on the shares. The company announced the pricing of its offering of $400M Senior Unsecured Notes due 2028, which now permits Enova to aggressively deploy an incremental $200M towards buybacks that was recently authorized by the board, the analyst tells investors in a research note. At the current share price, JMP believes the full $200M will very likely be exhausted by the end of 1Q24.