Mark Palmer

BTIG raised its price target on Lending Club Corporation (NYSE: LC) from $19 to $31 and reiterated its Buy rating. Analyst Mark Palmer “observed that during the company’s pre-IPO venture-round capital raises, its valuation was consistently between 0.8x and 0.9x its total origination...

In a report published Thursday, BTIG Research analyst Mark Palmer initiated coverage on Lending Club Corp. (NYSE: LC) with a Buy rating and $19.00 price target. In the report, BTIG Research noted, “We believe LC should be able to sustain the rapid pace of revenue growth it has exhibited during the...

Genworth Financial Inc (NYSE: GNW) shocked the market with a $531 million addition to its long-term care reserves Thursday and news that a similar review for its active life business won't be complete until after the fourth quarter. "The market will shoot first and ask questions later...

Mark Palmer of BTIG upgraded shares of MBIA (NYSE: MBI) to Buy from Neutral with a $12 price target following Puerto Rico's electric power authority (PREPA) agreement with its creditors to delay a $671 million payment until March. Additionally, PREPA received from a group representing over...

In a report released Thursday, BTIG analyst Mark Palmer initiated coverage on Synchrony Financial (NYSE: SYF) with a Buy rating and $30 price target. Analysts at BTIG predict Synchrony shares to rise due to credit card spending projected to increase. A Nilson Report projects domestic consumer...

In a report published Wednesday, BTIG Research analyst Mark Palmer upgraded the rating on ING US (NYSE: VOYA) from Neutral to Buy, and named a $37.00 price target. In the report, BTIG Research noted, “We are upgrading Voya Financial (VOYA), a.k.a. ING U.S., to BUY (from NEUTRAL) with a price...

In a report published Monday, BTIG analyst Mark Palmer downgraded ING U.S. (NYSE: VOYA) from Buy to Neutral and removed the $31 price target. In the report, BTIG stated, "With VOYA's shares more fairly valued, we believe investors should consider selling and perhaps waiting for a more...

In a report published on Monday, BTIG analyst downgraded Lender Processing Services (NYSE: LPS) from Buy to Neutral and removed the price target of $31 following achievement of that level. In the report, BTIG stated, "LPS on May 28 announced it had agreed to be acquired by Fidelity National...

In a report published on Monday, BTIG analyst Mark Palmer raised the price target on Green Dot (NYSE: GDOT) from $19 to $23 and maintained a Buy rating on the company. In the report, BTIG commented that, "As such, GDOT is poised to add the role of WMT's prepaid card issuer to its existing role...

In a report published Wednesday, BTIG Research analyst Mark Palmer initiated coverage on Flagstar Bancorp (NYSE: FBC) with a Buy rating and $18.00 price target. In the report, BTIG Research noted, “Flagstar Bancorp (FBC) has yet to complete its recovery from the damage it sustained during the...