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Fly News Breaks for June 11, 2018
RCII
Jun 11, 2018 | 06:08 EDT
Loop Capital analyst Anthony Chukumba raised his price target on Rent-A-Center to $11, citing a much better than expected Q2 and FY18 guidance. The analyst notes that while the management's decision not to sell the company was not surprising, the progress made in the turnaround was "astonishing", while also pointing to the management's raised cost reduction target. Chukumba still questions the "sustainability of the turnaround", keeping his Hold rating on Rent-A-Center.
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