EZCORP Inc rises as Jefferies upgrades on progress in strategic plan

EZCORP

05/04/2022 12:47

** Shares of pawn loans company  EZPW.O  rise 3.4% to $6.15
premarket
    ** Jefferies upgrades to "buy" from "hold" on "evidence of
strong progress on its strategic plan"
    ** Brokerage encouraged by EZPW's stronger gross margins,
better inventory turns and strong loan growth
    ** Notes EPZW trades at 25% discount to other retail-facing
consumer finance companies; cheers co's digital transformation
and robust M&A pipeline   
    ** If gains hold through Tuesday's session, co could make
back Monday's losses when it hit a two-week low 
    ** EPZW down ~20% YTD, as of last close

 (Reporting by Susan Mathew)
 ((susan.mathew@thomsonreuters.com))