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Fly News Breaks for March 18, 2019
RCII
Mar 18, 2019 | 08:55 EDT
Jefferies analyst Kyle Joseph raised his price target for Rent-A-Center to $22 from $19.50 citing the court ruling removes a legal overhang. The analyst reconsidered Rent-A-Center's valuation following the Delaware Court's ruling that the company validly terminated its merger with Vintage. This eliminates the possibility of Rent-A-Center being taken out at $15, Joseph tells investors in a research note. He believes stand-alone fundamentals justify his new price target but keeps a Hold rating on the name.
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