Ezcorp initiated with a Buy at Roth MKM

Roth MKM initiated coverage of Ezcorp (EZPW) with a Buy rating and $16 price target The firm says the company’s 1,283 storefronts across the U.S. and Latin America are reporting rising financial returns on management’s business model innovation. Ezcorp trades at a valuation discount, and the maturity of the May converts should be a near-term catalyst, lifting an overhang off the stock, the analyst tells investors in a research note.