Wedbush Starts First Cash Financial (FCFS) at Outperform

October 11, 2016 7:42 AM EDT
Get Alerts FCFS Hot Sheet
Price: $43.00 -0.92%

Rating Summary:
    7 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Wedbush initiates coverage on First Cash Financial (NYSE: FCFS) with a Outperform rating and a price target of $58.00.

Analyst Henry Coffey Jr. commented, "We are initiating coverage of First Cash Financial Services (FCFS) with an OUTPERFORM rating and a $58 price target. Our price target and rating reflect the expectation that management will be successful at realizing expected corporate synergies from integrating the acquired Cash America (CSH) stores over the next 2 years, continue to grow and expand in Latin America, and over the longer run, revitalize the profitability and same-store sales rate of its US stores. The company is expected to begin buying back shares after it releases September quarter results in October."

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 $48.30 yesterday.

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