Raymond James initiates Medallion Financial with 'market perform' rating

Medallion Financial

09/07/2026 16:24

** Raymond James initiates coverage on specialty finance company Medallion Financial MFIN.O with a "market perform" rating
** Brokerage cites an industry-leading growth profile and highly scalable operating model, which should lead to positive operating leverage 
** Adds MFIN's highly attractive industrial bank charter gives it access to FDIC-insured brokered deposits to sustain its growth 
** Brokerage also notes that co's loan book includes a large amount of riskier loans, especially in recreation segment, where many borrowers have weaker credit histories
** One of four analysts rate stock "strong buy" and three "hold"; their median PT is $10.50 - data compiled by LSEG
** Including session's move, stock down 4.5% YTD



 (Reporting by Pragyan Kalita in Bengaluru)
 ((Pragyan.Kalita@thomsonreuters.com;))