Loop Capital analyst Anthony Chukumba raised the firm’s price target on FirstCash to $105 from $90 and keeps a Hold rating on the shares. The company’s 2022 momentum is continuing in 2023 with a Q1 earnings beat, with gross transaction volume seen as particularly encouraging, the analyst tells investors in a research note. Loop adds that a continued uncertain U.S. macroeconomic environment is likely to remain a near-term tailwind for FirstCash, especially if subprime credit begins to tighten significantly.
Published first on TheFly
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