Open Lending price target lowered to $10 from $11 at Northland

Northland analyst Mike Grondahl lowered the firm’s price target on Open Lending to $10 from $11 and keeps an Outperform rating on the shares following the company’s Q3 report. The macro environment and slowness in Credit Union drove a softer outlook, noted the firm, which believes Open Lending “needs better macro conditions for a turn.”