Burford Capital price target lowered to $7.50 from $18 at B. Riley

Core Viewpoint - B. Riley analyst Timothy D'Agostino has reduced the price target for Burford Capital (BUR) from $18 to $7.50 while maintaining a Buy rating on the shares, primarily due to a recent court ruling that has led to the valuation of Burford's YPF assets being set at zero dollars [1]. Group 1 - The updated valuation by B. Riley is based on the net present value of the company's capital provision gains, future asset management income, and capitalized expenses [1]. - The analyst indicates that while there is a possibility for the case to be reheard or appealed, the probability of this occurring is minimal [1].