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Actionable news in SC: SANTANDER CONSUMER USA HOLDINGS INC,

Santander Consumer USA (SC) Stock Price Target Lowered at RBC

NEW YORK (TheStreet) -- RBC Capital Markets lowered its price target on Santander Consumer USA (SC - Get Report) stock to $21 from $25 on Friday.

The vehicle finance company reported 2015 third quarter earnings of 66 cents per share, beating RBC analysts' estimates of 50 cents per share.

A change in the company's loss provisioning approach, a loan transfer loss, and several "non-recurring" items contributed to this earnings beat, RBC said. Confusion dominated this quarter's results, the...


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