Upbound Group price target lowered to $32 from $35 at Jefferies

Jefferies lowered the firm’s price target on Upbound Group to $32 from $35 and keeps a Hold rating on the shares. Both of the company’s segments have been impacted by macro headwinds and, similar to others in the space, macro factor have weighed on demand for discretionary, durable-good purchases, the analyst tells investors. While the stock appears cheap, the firm will remain on the sidelines until it sees macro pressures persisting for at least a few more quarters.