Michael Kaye

Citi cut Encore Capital Group, Inc. (NASDAQ: ECPG) to Neutral from Buy and trimmed its target price to $24 from $31, as its contacts say the "CFPB debt collection rulemaking could prove more challenging than we anticipated." "We also believe the stock will be in the penalty box following its...

Citi has started coverage of SLM Corp (NASDAQ: SLM), more commonly known as Sallie Mae, with a Buy rating and price target of $8.50, implying an upside of 21.4 percent. Citi said SLM is the largest originator of private education student loans and has over 50 percent share of originations (about...

Citi Investment Research & Analysis analysts Donald Fandetti, Jeremy Banker and Michael Kaye maintained their Buy/Medium Risk rating for shares of American Express Company (NYSE: AXP) and the stock remained one of their Top Picks Live, with a price target of $55 per share. The analysts noted...