- With the stock up 29% this year and trading at roughly his $30 target price, analyst Henry Coffey downgrades Cash America International (CSH -3.6%) to Neutral from Buy.
- Big-picture economics since September - including gas prices, employment numbers, and product intrusion - has resulted in U.S. same-store pawn loan and pawn revenue growth being modest to negative, and this trend should continue, says Coffey.
- He expects the company to complete its 4M share buyback plan by year-end, and sees Q3 results as coming within the $0.17-$0.20 per share EPS guidance.
Sterne Agee rings the register on Cash America
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Cash America International, Inc. |