Nomura Securities Starts Dollar Financial (DLLR) at Neutral

Nomura Securities initiates coverage on Dollar Financial (NASDAQ: DLLR) with a Neutral. PT $24.

Nomura analyst, Brian Foran, says, "Dollar’s payday and pawn roll-up make sense by consolidating fragmented UK, Canada, and online lending markets. Moreover, Dollar is more than just a roll-up, as it has shown an ability to improve productivity of acquired stores and deliver positive operating leverage. That said, we think current consensus estimates are about right after a year of positive surprises. Thus, from here the story is more about growing with earnings, which admittedly still look decent with likely double-digit EPS growth."

For more ratings news on Dollar Financial click here and for the rating history of Dollar Financial click here.

Shares of Dollar Financial closed at $21.40 yesterday.

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