Cannacord Genuity Asserts 'Buy' Rating on Firstcash Holdings Inc. (FCFS) and $200 Price Target

FirstCash Holdings Inc. (NASDAQ:FCFS) is one of the top credit services stocks to buy amid the US rate cut. On October 3, analysts at Cannacord Genuity reiterated coverage of FirstCash Holdings Inc. (NASDAQ:FCFS) with a ‘Buy’ rating and a $200 price target.

FirstCash, now operating 3,300+ pawnshops across the U.S., Latin America, and the UK after acquiring H&T Group, is seen by analysts as well-positioned in a highly attractive industry. Canaccord views pawn as a strong business and believes the stock deserves a premium valuation.

Firstcash Holdings Inc. (NASDAQ:FCFS) has made a name for itself by operating pawn stores, which offer small loans secured by personal property. Pawn loans give borrowers the option to repay the loan with interest or forfeit their property without further consequences.

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Disclosure: None. This article is originally published at Insider Monkey.