Medallion Financial Corp (NASDAQ: TAXI) was upgraded by equities researchers at Sandler O’Neill from a “hold” rating to a “buy” rating in a report issued on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $15.00 target price on the stock, up from their previous target price of $13.50.

Medallion Financial Corp (NASDAQ: TAXI) traded down 0.87% on Thursday, hitting $13.70. Medallion Financial Corp has a 52-week low of $9.85 and a 52-week high of $13.95. The stock’s 50-day moving average is currently $13.11. The company has a market cap of $294.0 million and a price-to-earnings ratio of 11.42.

TAXI has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Medallion Financial Corp from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, February 26th. They now have a $14.10 price target on the stock.

Medallion Financial Corp (NASDAQ: TAXI) is a specialty finance company that is engaged in originating, acquiring, and servicing loans that finance taxicab medallions and various types of commercial businesses.