Open Lending price target lowered to $7 from $7.50 at Canaccord

Canaccord lowered the firm’s price target on Open Lending to $7 from $7.50 and keeps a Hold rating on the shares. The firm noted they announced that effective immediately, Keith Jezek is stepping down as CEO. Canaccord said while the loss of a senior executive always takes a toll, we believe management has the experience and the company has the right value proposition, to be successful in its end markets.