UPDATE: Jefferies Upgrades First Cash Financial to Buy

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According to Jefferies, First Cash Financial Svs
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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Posted In: Analyst ColorUpgradesPrice TargetAnalyst RatingsJefferies
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