Ezcorp initiated with an Outperform at Citizens JMP

Citizens JMP initiated coverage of Ezcorp (EZPW) with an Outperform rating and $23 price target The firm believes the company’s new management has brought a “significant operational turnaround” with key metrics more in-line with the industry leader in both the U.S. and Latin America. The stock’s current valuation “remains conservative” and does not reflect Ezcorp’s operational gains and improving profitability, the analyst tells investors in a research note.