Jefferies Upgrades First Cash Financial (FCFS) to Buy

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January 5, 2012 6:54 AM EST
Get Alerts FCFS Hot Sheet
Price: $213.92 -1.62%

Rating Summary:
    11 Buy, 8 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 9 | New: 45
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Jefferies upgraded First Cash Financial (NASDAQ: FCFS) from Hold to Buy with a price target of $42 (down form $47).

The firm comments, "We are upgrading shares of FCFS from Hold to Buy due to the company's low exposure to the CFPB and an attractive valuation. Additional factors such as an approximate doubling of the under banked market in the past two years, continued reluctance of banks to lend to the under banked, stagnant wage growth, and higher cost of living all support our Buy thesis."

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 $33.85 yesterday.

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