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Fly News Breaks for June 7, 2017
RCII
Jun 7, 2017 | 05:31 EDT
Loop Capital analyst Anthony Chukumba downgraded Rent-A-Center to Sell with an unchanged price target of $8. The secular shift to "virtual" rent-to-own has impaired the value of the company's core U.S. business, the analyst tells investors in a research note. The analyst believes Rent-A-Center is "highly unlikely" to achieve management's 2018 and 2019 financial targets.
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