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

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First Cash Announces Acquisitions in North Carolina, Kentucky & Virginia; Total of 52 Stores Added YTD in Mexico and the U.S.

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
Apr 2016JefferiesMaintainsHold
Mar 2016JP MorganDowngradesOverweightNeutral
Jan 2016Janney CapitalUpgradesNeutralBuy

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

 

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