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

Canaccord raised the firm’s price target on Ezcorp (EZPW) to $25 from $24 and keeps a Buy rating on the shares. The firm conducted store checks and found that business remains steady in the summer, with the company’s core customer still pressured and new (higher-income) faces coming into the stores seeking value. Canaccord believes the recent range-bound performance in the share price is due to the retirement of its 2025 convertible notes being more dilutive than the market was expecting but they modestly raise Q3 estimates given the checks found better loan activity, which is more profitable.