Upbound Group price target raised to $33 from $30 at Loop Capital

Loop Capital analyst Anthony Chukumba raised the firm’s price target on Upbound Group to $33 from $30 and keeps a Hold rating on the shares. After meeting with the company’s management, the firm is incrementally more optimistic on Upbound, particularly in regard to current business trends, the forthcoming Acima credit card, and management’s ongoing strategic initiatives, the analyst tells investors in a research note. Loop adds however that after a 46% rise year to date, a Hold rating on Upbound is appropriate.