Jefferies Resumes First Cash Financial (FCFS) at Hold

September 2, 2016 7:08 AM EDT
Get Alerts FCFS Hot Sheet
Price: $43.05 -1.26%

Rating Summary:
    7 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Jefferies resumes coverage on First Cash Financial (NASDAQ: FCFS) with a Hold rating and a price target of $60.00.

Analyst John Hecht commented, "We are resuming coverage of the combined entity with a Buy rating and $60 price target. The merger affords numerous financial and strategic benefits, including broader sources of cash flows which serve to both improve organic growth opportunities as well as the capital return profile. Further, we see 30% + accretion from cost synergies, with further upside should revenue synergies come to fruition over time."

For an analyst ratings summary and ratings history on First Cash Financial click here. For more ratings news on First Cash Financial click here.

Shares of First Cash Financial closed at $50.32 yesterday.

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