FIRST CASH FINL (FCFS) Downgraded by Zacks to UNDERPERFORM

Zacks Investment Research downgraded shares of FIRST CASH FINL (FCFS) from NEUTRAL to UNDERPERFORM on July 19, 2013, with a target price of $48.70.

First Cash Financial Services, Inc. is the nation's third largest publicly traded pawnshop operator. The company's pawn stores engage in both consumer finance and retail sales activities. The company's pawn stores provide a convenient source for consumer loans, lending money against pledged tangible personal property such as jewelry, electronic equipment, sporting goods and musical equipment. These pawn stores also function as retailers of previously-owned merchandise acquired in forfeited pawn transactions and over-the-counter purchases from customers.

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