First Cash Financial gets post-merger upgrade

• Following the merger with Cash America, JMP analyst David Scharf thinks the combined company is "a compelling combination of cash-flow rich domestic operations that should fund aggressive return of capital and a long runway of ongoing ... expansion in Latin America."
• Other positive catalysts include a recovery in pawn demand in Mexico, synergies, and the focus on returning capital.
• The $57 price target is 20% above yesterday's close for FCFS.