Market Overview

UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on First Cash Financial Services

Related FCFS
First Cash Acquires 47 Pawn Stores In Mexico And Nine U.S. Pawn Stores In Colorado And Texas
First Cash (FCFS) is Overbought: Is A Drop Coming? - Tale of the Tape

In a report published Monday, Jefferies & Company reiterated its Buy rating on First Cash Financial Services (NASDAQ: FCFS), and raised its price target from $48.00 to $56.00.

Jefferies noted, “Pawn industry asset and revenue growth continues to be driven primarily in Mexico with the US returning to a more normalized growth environment. Growth in online payday lending continues to outpace brick and mortar based lending, with an evolving regulatory environment that should be a long term positive for the more established players in the market. We continue to prefer FCFS and increase our PT to $56 from $48.”

First Cash Financial Services closed on Friday at $48.29.

Latest Ratings for FCFS

DateFirmActionFromTo
Sep 2014JefferiesInitiates Coverage onHold
Jul 2014FBR CapitalMaintainsMarket Perform
Apr 2014HSBCInitiates Coverage onOverweight

View More Analyst Ratings for FCFS
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (FCFS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters