TD Cowen upgraded FirstCash to Buy from Hold with a price target of $145, up from $130. The analyst believes the company is seeing a “very strong” operating environment, particularly within U.S. pawn. The firm also expects continued strong performance at American First Finance. FirstCash also brings scarcity value, with strong counter-cyclical growth and low credit risk, the analyst tells investors in a research note. TD sees a lot of opportunities longer term for the company to consolidate stores in the U.S.
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