Wells Fargo Boosts Valuation Range on First Cash Financial (FCFS)

Wells Fargo boosted its valuation range on Market Perform-rated First Cash Financial (NASDAQ: FCFS) to $38.00 to $44.00 from $33.00 to $41.00 following in-line Q2 EPS of $0.56.

The firm notes results were significantly impacted by peso weakness YoY with Mexican revenues up 22% while net revenues were up only 8%. However, details of the quarter showed continued strength in pawn loan demand year-over-year.

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 $41.26 yesterday.

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