Jefferies Reiterates Dollar Financial Buy

Jefferies reiterated its Dollar Financial DLLR Buy rating and its Dollar Financial $25 price target in a research report published today. In the report, Jefferies states, "DLLR announced today the acquisition of Risicum Ovj, a Scandinavian internet loan provider based out of Helsinki for $46M, implying a 5x trailing 12 months (TTM) EBITDA multiple. We view the acquisition as a positive for DLLR as it complements their existing pawn business in the region and expands their global presence, further reducing their exposure to U.S. payday lending." Shares of Dollar Financial were trading at $22.78 at the time of posting, up 3.73% from Tuesday's market close.