Jefferies Reiterates Buy on Cash America International, Raises PT to $62

Jefferies reiterated its Buy rating on Cash America International CSH. At the same time, Jefferies raised its price target on the company's stock from $52 to $62. In a research report published today, Jefferies states, "We expect industry fundamentals to trump regulatory risk for the under banked sector over the near to intermediate term. With a strong business model and growing consumer base, we expect CSH to increasingly trade up to its average long-term multiple, as the focus in the space shifts to fundamental performance." On Tuesday, Cash America added 0.25% to its value to end the day at $51.36.