First Cash Financial Services "market outperform," target price raised - update

05/25/07 - JMP Securities

NEW YORK, May 25 (newratings.com) - Analysts at JMP Securities reiterate their "market outperform" rating on First Cash Financial Services Inc (FCFS). The target price has been raised from $28 to $30.

In a research note published yesterday, the analysts mention that the company continues to face positive trends across its US pawn, Mexico pawn, US payday lending and buy-here-pay-here auto finance business lines. First Cash Financial Services is less exposed to the regulatory or economic changes due to its diversified business portfolio, and the regulatory developments for its US payday lending have been positive so far in the year, the analysts say. Visibility into First Cash Financial Services’ earnings has improved, JMP Securities adds.