Life Partners Holdings “speculative buy,” target price reduced
NEW YORK, February 6 (newratings.com) – Analyst John Nobile of Taglich Brothers reiterates his “speculative buy” rating on Life Partners Holdings Inc. (LPHI), while reducing his estimates for the company. The 12-month target price has been reduced from $61 to $53.
In a research note published this morning, the analyst mentions that the company has posted its F3Q08 results short of the estimates. Life Partners is likely to continue to post significant revenue growth during FY08 and FY09, driven by its institutional relationships and overall growth in the life settlement market, the analyst adds. The diluted EPS estimates for FY08 and FY09 have been reduced from $1.79 to $1.69 and from $2.80 to $2.71, respectively.
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