Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Jefferies Ups Portfolio Recovery Associates to Hold

Jefferies upgraded Portfolio Recovery Associates (PRAA) to hold from underperform, after the company on Monday entered into a revolving line of credit for about $75 million.

Analyst Daniel Fannon says the company increased its credit facility to satisfy higher purchase volumes. While details on pricing for the purchases are limited, Fannon thinks competition and demand for the new assets remains intense, despite the increase in supply in the period. Following Monday's announcement, Fannon raises his fourth quarter purchase estimate to $60.4 million from $18 million. He also ups his $2.43 2006 earnings per share estimate to $2.66 and his $36 price target to $40.

blog comments powered by Disqus