Sterne Agee Raises Cash America PT to $63.50, Reiterates Buy

Sterne, Agee & Leach raised its Cash America International CSH price target from $57 to $63.50 and reiterated its Buy rating in a research report published today. In the report, Sterne states, "Our increase in PT is tied to increased confidence in this company's ability to sustain revenue growth tied to its US pawn/pay day products and its international pay day/installment loan products." Shares of Cash America International were trading at $57.42 at the time of posting, down 3.80% from Tuesday's market close.