Upbound Group price target raised to $35 from $31 at Loop Capital

Loop Capital analyst Anthony Chukumba raised the firm’s price target on Upbound Group to $35 from $31 and keeps a Hold rating on the shares. The company’s Q4 results were very encouraging, including the first y/y consolidated revenue growth since Q1 of 2022, 19.0% Acima GMV growth, and a significant sequential improvement in Rent-A-Center Business same-store sales, the analyst tells investors in a research note.