UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Cash America International
In a report published Friday, Jefferies reiterated its Hold rating on Cash America International (NYSE: CSH), and raised its price target from $40.00 to $45.00.
Jefferies noted, “CSH EPS beat both the Street and JEFe. Continued strong but moderating growth was posted in the E-Commerce business, while the industry wide slow down in US pawn was reflected in the 4Q12 results. Management guides EPS of $1.35-$1.42 for 1Q13, leaves FY13 unchanged at $4.75-$5.15 and re-ups the 2.5M share repurchase authorization.”
Cash America International closed on Thursday at $46.56.
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