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Fly News Breaks for December 3, 2019
EZPW
Dec 3, 2019 | 09:09 EDT
B. Riley FBR analyst Scott Buck lowered his price target for Ezcorp to $12 from $14 and keeps a Buy rating on the shares ahead of the company's fiscal Q4 results on December 5. With the shares trading near the 52-week low, the analyst expects management to address the recent activity around the stock, including the September 18 appointment of a new Executive Chairman. The analyst says that while he reduced his estimates modestly on slower store growth, the shares continue to trade at a "meaningful discount" to pawn peers. As earnings and cash flow trends continue to improve, Ezcorp shares to move towards $12, Buck tells investors in a research note.
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