UPDATE: Sterne Agee Upgrades EZCORP

According to a research report published this morning, Sterne Agee has upgraded EZCORP (NASDAQ: EZPW) from Underperform to Neutral.

In the report, Sterne Agee said, "We are raising our rating from Underperform to Neutral. The stock is within 3% of our price target and is valued at a discount to its closest peer, CSH. There is still the risk that the company could miss EPS in the June or September quarter and we would not be buyers of the stock at this level."

Sterne Agee maintains its $24 PT on EZCORP, which closed yesterday at $24.99.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.