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UPDATE: Sterne Agee Downgrades Cash America on Multiple Negative Factors

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In a report published Monday, Sterne Agee analyst Henry J. Coffey Jr. downgraded Cash America (NYSE: CSH) from Neutral to Underperform, and lowered the price target from $42.00 $36.00.

In the report, Sterne Agee noted, “We are lowering our price target from $42 to $36 and reducing our rating from NEUTRAL to UNDERPERFORM. Three drivers of this decision: a) we have a legal director of the CFPB, b) we hear smaller banks are already being told to scrutinize their ACH activity and c) we have seen how weak the US pawn shop and store based lending business is.”

Cash America closed on Friday at $43.44.

Latest Ratings for CSH

DateFirmActionFromTo
Apr 2016DowngradesOutperformMarket Perform
Apr 2016UpgradesUnderperformNeutral
Oct 2015MaintainsMarket Outperform

View More Analyst Ratings for CSH
View the Latest Analyst Ratings

Posted-In: Henry J. Coffey Jr. Sterne AgeeAnalyst Color Downgrades Analyst Ratings

 

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