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0 0 0.00399558498896257 0.00430463576158937 0 0.00401766004415016 0 0.00220750551876375
Stock impact report

Burford Capital (BUR)'s $7.50 Target Comes With a Twist [Yahoo! Finance]

Burford Capital Limited Ordinary Shares (BUR) 
US:NASDAQ Investor Relations: burcon.ca/investors/corporate_factsheet.php
Company Research Source: Yahoo! Finance
Riley analyst Timothy D'Agostino lowered the firm's price target on Burford Capital Limited (NYSE:BUR) to $7.50 from $18 while maintaining a Buy rating, following a court ruling that significantly impacted the valuation of the company's YPF-related assets. The firm now assigns no value to these assets, although it noted that potential appeals or rehearings remain possible, albeit with limited probability. The revised valuation framework focuses on the net present value of capital provision gains, asset management income, and capitalized expenses, highlighting the resilience of Burford's broader business model. The same day, Wedbush downgraded Burford Capital Limited (NYSE:BUR) to Neutral from Outperform with a price target of $4.75, citing concerns stemming from the adverse legal ruling and its potential financial implications. Specifically, the firm noted that changes in fair value accounting could impact the company's net worth thresholds, potentially restricting its ability to ra Show less Read more
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