Ezcorp price target raised to $18 from $17 at Canaccord

Canaccord raised the firm’s price target on Ezcorp to $18 from $17 and keeps a Buy rating on the shares. The firm said the macro environment also continues to challenge the company’s value-conscious customer base, with inflation and economic uncertainty driving increased demand for pawn loans. The target increase is driven by increased estimates and a modeslty higher target mutliple.