Following Credit Corp Group's 1Q results, Morgans believes the business is on-track to deliver at or around the top-end of guidance (which was maintained). It's thought a rebound in consumer lending and grasping the US market share opportunity will assist in meeting guidance.

The analyst highlights that US collections were up 6% on the previous corresponding period and up 48% on the 1Q20 (constant currency). the broker lifts its target price to $34.90 from $33.75 and retains its Add rating.

Sector: Diversified Financials.

Target price is $34.90.Current Price is $32.75. Difference: $2.15 - (brackets indicate current price is over target). If CCP meets the Morgans target it will return approximately 6% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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