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Fly News Breaks for March 8, 2018
RCII
Mar 8, 2018 | 07:34 EDT
Stephens analyst Vincent Caintic said he is incrementally more negative n Rent-A-Center after the company said its board expects to reach a determination with respect to "whether" to pursue a sale of the company, as he thought selling the company was the main activist thesis. A decision not to sell would drive "material downside" for Rent-A-Center shares, Caintic believes. The company comments on January and February same-store sale were also negative, noted the analyst, who maintains his Underweight rating and $5 price target on Rent-A-Center shares.
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