Market Overview

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

Related CSH
Earnings Scheduled For July 24, 2014
Cash America CEO, Daniel R. Feehan, To Retire in April 2015

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
Jul 2014NomuraMaintainsNeutral
Jul 2014Sterne AgeeUpgradesNeutralBuy
Jun 2014FBR CapitalDowngradesOutperformMarket Perform

View More Analyst Ratings for CSH
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (CSH)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters