BTIG analyst Giuliano Bologna upgraded On Deck Capital to Buy from Neutral with a $4.25 price target. The stock closed yesterday down 23%, or 92c, to $3.04. The company’s “soft” Q2 results is offset by the $50M share repurchase plan and desire to pursue a bank charter, Bologna tells investors in a research note. He believes the sharp decline yesterday in On Deck’s share price post earnings is “overly punitive and creates an attractive entry point.” The company should begin to see margin and earnings improvement over the next few quarters, says Bologna.