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Fly News Breaks for March 15, 2019
RCII
Mar 15, 2019 | 09:01 EDT
After a Delaware state court ruled that Rent-A-Center was within its rights to terminate a merger agreement with Vintage Capital, Stephens analyst Vincent Caintic said this outcome was widely expected and that he does not expect shares to move materially higher as a result. He raised his price target on Rent-A-Center shares to $19 from the $15 merger price, though he remains concerned about the company's fundamentals and keeps an Underweight rating on the shares.
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