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Fly News Breaks for August 17, 2017
RCII
Aug 17, 2017 | 11:38 EDT
Loop Capital analyst Anthony Chukumba says that while Rent-A-Center's core U.S. comps improved sequentially in July, delinquencies worsened for the second consecutive month in both its segments. This implies the company may have loosened credit standards to drive higher top-line growth, which "in our experience almost always ends badly," Chukumba tells investors in a research note. He reiterates a Sell rating on the shares with an $8 price target.
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