Wells Fargo Starts EZCORP (EZPW) at Market Perform; Solid Growth Prospects In U.S., Mexico And Canada

Wells Fargo initiates coverage on EZCORP (NASDAQ: EZPW) with a Market Perform. PT $34.00.

Wells analyst says, "We believe EZPW has strong growth opportunities in the U.S., Mexico and Canada. The company also has a diversified product set and has relatively low reliance on U.S. payday lending revenues. Our Market Perform rating is partly a function of class "A" shareholders having no voting rights...EZPW also has investments in Australia and the U.K. via its 33% equity ownership of Cash Converters (ASX:CCV) and 29.9% ownership of Albemarle & Bond (LSE:ABM). We are modeling FY2012/2013 EPS estimates of $2.91 and $3.23 respectively."

For an analyst ratings summary and ratings history on EZCORP click here. For more ratings news on EZCORP click here.

Shares of EZCORP closed at $26.41 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Wells Fargo Starts Huntington Bancshares (HBAN) at Overweight
• BofA Securities Starts Definium Therapeutics Inc (DFTX) at Buy
• H.C. Wainwright Assumes Alpha Compute Corp. (ALP) at Neutral