UPDATE: Jefferies Upgrades First Cash Financial to Buy
According to Jefferies, First Cash Financial Svs (NASDAQ: FCFS) is upgraded to Buy.
Jefferies said that it is upgrading shares of FCFS from Hold to Buy due to the company's low exposure to the CFPB and an attractive valuation. “Our $42 price target equates to a 16x multiple to our 2012 EPS estimate of $2.59. Risks to our price target include more aggressive lending by credit card issuers, gold and peso fluctuations, and regulatory headwinds.”
First Cash Financial Svs closed yesterday at $33.85.
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