Market Overview

UPDATE: Jefferies Downgrades Cash America International to Hold on CPA Guidance Fallout

Share:
Related CSH
Benzinga's Top Upgrades
Benzinga's Top Initiations

Jefferies reduced its rating on Cash America International (NYSE: CSH) from Buy to Hold and reduced its price target from $45 to $40.

Jefferies said, "With an estimated 30% of origination volume and 15% of revenues tied to their UK payday product we believe CSH will likely face fall-out from the potential shift in CPA guidance. Further with continued distraction from underperforming Mexican pawn operations, tough comps in US pawn balance growth, and looming regulatory headline risk from Texas and CFPB in 2013, we are moving the shares to hold."

Cash America International closed at $40.29 on Monday.

Latest Ratings for CSH

DateFirmActionFromTo
Aug 2015Sterne Agee CRTUpgradesNeutralBuy
Jul 2015Keefe Bruyette & WoodsInitiates Coverage onMarket Perform
May 2015JMP SecuritiesUpgradesMarket PerformMarket Outperform

View More Analyst Ratings for CSH
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (CSH)

View Comments and Join the Discussion!

Get Benzinga's Newsletters