FBR Capital Upgrades Cash America International (CSH) to Outperform

August 29, 2013 6:41 AM EDT Send to a Friend
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Price: $24.75 --0%

Rating Summary:
    2 Buy, 8 Hold, 0 Sell

Rating Trend: Up Up

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FBR Capital upgraded Cash America International (NYSE: CSH) from Market Perform to Outperform with a price target of $50.00 (from $48.00).

"With mounting regulatory pressures pushing tribal and offshore lenders out of business, we see a unique opportunity for Cash America to (1) accelerate growth in U.S. online lending and (2) reduce customer acquisition (lead generation) costs," analyst Bob Ramsey states.

He added, "Additionally, Cash America announced an accretive pawn shop acquisition, the third such in the last year, which should help grow pawn earnings despite weak loan demand."

The firm raised 2013 EPS estimate to $4.27 (from $4.25) and our 2014 EPS estimate to $5.20 (from $4.95).

For an analyst ratings summary and ratings history on Cash America International click here. For more ratings news on Cash America International click here.

Shares of Cash America International closed at $41.48 yesterday.


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