Subprime lender Carfinco surges but still trading below takeover price
The company reached an agreement to sell its U.S. division. But Cormark Securities analyst Jeff Fenwick, who upgraded Carfinco to a ‘buy’ rating from ‘market perform’ with a price target of $11.25, says investors are afraid Santander will back out of the deal.
Sultan Ameerali, BNN.ca staff
Posted on 1-23-2015 at 2:21 PM