Cash America International "overweight," target price raised

09/19/06 - Stephens Inc.

NEW YORK, September 19 (newratings.com) - Analysts at Stephens Inc maintain their "overweight" rating on Cash America International (CSH), while raising their estimates for the company. The target price has been raised from $46 to $49.

In a research note published yesterday, the analysts mention that the company has announced the finalization of CashNet’s acquisition for an already declared price of $35 million, including future earnouts. Cash America International has raised its EPS guidance for 2006 from $1.85-$1.93 to $1.89-$1.98. The EPS estimate for 2007 has been raised from $2.35 to $2.47.