Credit Corp Group's 1H reported profit was a -4% miss versus Morgans forecast, as higher upfront loan provisioning resulted from accelerated volumes over November and December.

While A&NZ purchased debt leger (PDL) supply remains subdued, the broker expects improvement over FY23. The company is also expected to grasp the market share opportunity in the US. The Add rating is unchanged and the target rises to $36.80 from $35.60.

Sector: Diversified Financials.

Target price is $36.80.Current Price is $34.86. Difference: $1.94 - (brackets indicate current price is over target). If CCP meets the Morgans target it will return approximately 5% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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