Jefferies Starts Cash America International (CSH) at Buy

Jefferies initiates coverage on Cash America International (NYSE: CSH) with a Buy rating and a price target of $29.00.

Analyst John Hecht commented, "Cash America has substantially reduced its risk profile and simplified its business. Further, domestic pawn trends appear to be bottoming out while balance sheet strength should enable CSH to pursue capital actions which would enable resumed EPS growth in 2015. Given industry conditions and low risk to its core business, we believe investors should focus on cash flow for CSH. We find CSH highly attractive on an EV/EBITDA basis and highlight its 13% FCFY."

For an analyst ratings summary and ratings history on Cash America International click here. For more ratings news on Cash America International click here.

Shares of Cash America International closed at $20.72 yesterday.

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