Stock Track | Encore Capital Soars 6.13% in Pre-market After Truist Securities Raises Price Target

Stock Track02-26 21:32

Encore Capital's stock surged 6.13% in pre-market trading on Thursday, marking a significant upward movement for the financial services company.

The sharp increase appears to be driven by positive analyst sentiment, with Truist Securities raising its price target for Encore Capital from $59 to $80, indicating increased confidence in the company's future performance and valuation prospects.

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