Enova International price target raised to $78 from $70 at Maxim

Maxim analyst Michael Diana raised the firm’s price target on Enova International to $78 from $70 and keeps a Buy rating on the shares after its Q1 earnings beat. The company’s credit quality remained stable and as-expected, even though credit quality metrics were mixed, the analyst tells investors in a research note. Enova’s outlook for Q2 fell short of estimates however mainly due to higher operating expenses and higher interest expenses/funding costs than previously expected, the firm added.