PROG Holdings price target lowered to $42 from $49 at Jefferies

Jefferies lowered the firm’s price target on PROG Holdings to $42 from $49 and keeps a Buy rating on the shares. The firm entered 2023 optimistic for stabilization and signs the industry was “out of the woods,” the analyst tells investors. The firm sees headwinds abating throughout 2023, which should enable more stable results and potential growth in 2024, although demand remains a wildcard in the near-term.