BUZZ-Sezzle jumps after Northland lifts PT to $150

Reuters08-29

** Shares of buy now, pay later firm Sezzle jump as much as 8%, last up 5.4% at $137

** Northland Securities raises SEZL price target to $150 from $119, which represents a 15.4% upside to stock's last close

** SEZL announced on Wednesday a bank partnership with Utah-based WebBank, which is expected to launch in September

** WebBank will serve as SEZL's exclusive bank to finance products currently offered through its BNPL platform and as exclusive issuer for all subscription products including the Sezzle Virtual Card

** Northland says the bank partnership is very positive as it allows SEZL to launch additional products assisted by the sponsorship, including checking accounts and cash advances

** Adds that the partnership will also allow SEZL to unify its products across the U.S. vs the current state by state approach

** As of last close, SEZL shares up 533.4% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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