KeyBanc analyst Bradley Thomas raised the firm’s price target on Upbound Group to $39 from $36 and keeps an Overweight rating on the shares. Upbound’s Q2 results beat expectations, with continued improvements in skip/stolen loss rates and better than expected GMV at Acima, the analyst tells investors in a research note. The firm expects continued y/y improvements in Rent-A-Center skip/stolen losses in 2023 and sequential improvements in Acima GMV.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on UPBD:
- Upbound Group raises FY23 adjusted EPS view to $3.25-$3.55 from $2.70-$3.20
- Upbound Group sees Q3 EPS 70c-80c, consensus 74c
- Upbound Group reports Q2 adjusted EPS $1.11, consensus 75c
- Upbound Group price target raised to $33 from $30 at Loop Capital
- Upbound Group management to meet with Loop Capital
