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Wedbush Downgrades First Cash Financial (FCFS) to Neutral

May 7, 2018 6:59 AM EDT
Get Alerts FCFS Hot Sheet
Price: $126.21 --0%

Rating Summary:
    7 Buy, 9 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 4 | New: 4
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Wedbush downgraded First Cash Financial (NYSE: FCFS) from Outperform to Neutral with a price target of $90.00 (from $87.00).

Henry Coffey commented, "We are increasing our price target from $87 to $90 and downgrading our rating from OUTPERFORM to NEUTRAL based solely on valuation. The shares are currently selling above our new price target and valued at 20.4x our 2020 EPS estimate. Our confidence in the company's growth prospects and management's ability to continue to out-execute inside its core market remains high."

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 $90.85 yesterday.



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