AG Edwards Upgrades AmeriCredit to 'Strong Buy'

Analyst Joel Houck thinks investors should take advantage of the valuation disconnection in shares

AG Edwards upgraded AmeriCredit (ACF ) to strong buy from hold. Analyst Joel Houck says the upgrade follows the Nov. 12 release of October credit quality data related to the company's outstanding securitizations. Houck believes the data pertaining to credit quality was well within his revised epxectations, particularly with regard to extensions and delinquencies. He encourages investors to take advantage of the valuation disconnection in shares. Houck has a $29 target.

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