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Ezcorp price target lowered to $24 from $25 at Canaccord

Canaccord lowered the firm’s price target on Ezcorp (EZPW) to $24 from $25 and keeps a Buy rating on the shares. The firm noted they announced the retirement of its $103.4m aggregate principal amount outstanding of 2.375% convertible senior notes due 2025 and so adjusted their estimates to reflect a higher share count and interest income, given the extra cash on the balance sheet.

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