KBW Upgrades Americredit to Outperform (ACF)

Analysts at Keefe, Bruyette and Woods upgraded their outlook of Americredit Corp. ACF to Outperform earlier today, citing improving fundamentals following a recent conference. According to the analyst report, "CEO Dan Berce provided some guidance for fiscal 4Q10 results, including favorable credit trends and higher loan originations. We are raising EPS estimates and upgrading ACF shares to Outperform from Market Perform as the shares currently offer potential upside of 26% relative to our revised price target." With the stock trading at $18.33 as of 10:11AM, ACF has plenty of room to meet KBW's $23.00 price target.