UPDATE: Jefferies Starts First Cash Financial (FCFS) at Hold
Get Alerts FCFS Hot Sheet
Rating Summary:
8 Buy, 8 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Join SI Premium – FREE
Jefferies initiates coverage on First Cash Financial (NASDAQ: FCFS) with a Hold rating and a price target of $56.00.
Analyst John Hecht states, "First Cash Financial exhibits more stable and higher growth rates compared to peers due to the combination of its Mexican segment and its domestic acquisition strategy. Domestic trends appear to be bottoming out and Mexico should see increased growth in 2H14, although we believe these expectations are built-in to the stock. Considering this, and FCFS' premium multiple relative to its own historical averages and peers, we initiate with a Hold."
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 $56.89 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- First Cash Financial (FCFS) PT Lowered to $140 at TD Cowen
- Bristol-Myers Squibb Co. (BMY) PT Lowered to $64 at Truist Securities
- Keefe, Bruyette & Woods Upgrades Trustmark (TRMK) to Outperform
Create E-mail Alert Related Categories
Analyst Comments, New CoverageRelated Entities
Jefferies & Co, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!