UPDATE: Sterne Agee Upgrades Cash America International to Neutral, Raises PT Following D.C. Regulatory Environment Checks

Loading...
Loading...
In a report published Wednesday, Sterne Agee analyst Henry J. Coffey Jr. upgraded the rating on
Cash America InternationalCSH
from Underperform to Neutral, and raised the price target from $38.00 to $40.00. In the report, Sterne Agee noted, “Our checks into the D.C. regulatory environment suggest to us that the relevant bodies are likely to move slower, not faster, in their review of on-line pay day lending and that the prospects of a major bank shutting the ACH door to a compliant lender anytime this year are less than we previously expected. We are raising our rating on CSH from Underperform to Neutral and raising our price target from $38 to $40.” Cash America International closed on Tuesday at $45.64.
Posted In: Analyst ColorUpgradesAnalyst RatingsHenry J. Coffey Jr.Sterne Agee
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...