Raymond James analyst Stephen Boland downgraded Goeasy to Outperform from Strong Buy with a C$136 price target. While the Liberal Party’s intention to introduce changes to the Criminal Code to lower the criminal rate of interest from 47% APR to 35% APR and to start consultations to possibly lower it further came as a surprise to management and is negative to Goeasy’s business model, it may not be as material as many expect, the analyst tells investors in a research note.
Published first on TheFly
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