Piper Jaffray Raises Dollar Financial PT To $40, Reiterates Overweight Rating (DLLR)

Piper Jaffray raised its Dollar Financial DLLR price target to $40 from $39 and reiterated its Overweight rating in a research report published today. In the report, Piper Jaffray states, "DLLR reported solid fiscal 2Q results with revenue of $183m in line with our forecast and consensus, up 14% y/y. Adjusted EPS of $0.53 exceeded our $0.49 forecast and consensus of $0.51. Same store sales were up 23% in the U.K., 10% in Canada, and down (4%) in the U.S. DLLR opened 16 new stores in the U.K. in the quarter, 30 in the first 6 months. DLLR raised its guidance for the Sefina deal which closed December 31. DLLR is well-positioned for near- and long-term growth in Europe, Canada and the U.S." Shares of Dollar Financial were at $30.99 in after-hours trading at the time of posting, up 0.49% from Thursday's market close.