Canaccord analyst Brian McNamara raised the firm’s price target on Ezcorp (EZPW) to $24 from $22 and keeps a Buy rating on the shares. The firm noted they announced a private offering of $300m of Senior Notes due in 2032. The company intends to use a portion of the net proceeds from the offering to repay $103.4m in outstanding debt and the remainder for general corporate purposes. Canaccord said the company continues to be their top coverage stock in terms of incoming client calls, likely as it’s held up very well in the current market malaise and considered counter cyclical.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EZPW:
- Ezcorp announces private offering of $300M of senior notes
- EZCORP’s Resilience and Growth Potential: A Buy Recommendation Amidst Strategic Expansion and Market Demand
- EZCORP Ends Acquisition Deal with Presta Dinero
- Ezcorp terminates pact with Presta Dinero for purchase of 53 stores in Mexico
- Ezcorp initiated with a Buy at Roth MKM
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue