Upbound Group price target lowered to $35 from $37 at Jefferies
The Fly

Upbound Group price target lowered to $35 from $37 at Jefferies

Jefferies lowered the firm’s price target on Upbound Group (UPBD) to $35 from $37 and keeps a Hold rating on the shares. At virtual lease-to-own, or (V)LTO, companies the firm covers, it is focused on GMV growth for the quarter and given that more traditional providers of credit are tightening, the firm anticipates some customers to trickle into Prog Holdings (PRG) and Upbound’s customer box and drive top-line growth, the analyst tells investors.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App