BUZZ-Seaport starts coverage of Enova with 'buy' rating

Reuters

05-15

BUZZ-Seaport starts coverage of Enova with 'buy' rating

** Seaport Research initiates coverage of online financial services provider Enova International ENVA.N with a "buy" rating, saying co has a strong competitive advantage

** Brokerage says ENVA has a superior data advantage that is applied to all aspects of its business

** "As an online lender, Enova operates a highly scalable platform as growth can be achieved without significant investment in additional infrastructure" - Seaport

** Brokerage sets PT at $124, a ~24.97% upside on stock's last close

** Including session's moves, stock up ~3.3% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

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