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RCII

Rent-A-Center

$19.91

-1.29 (-6.08%)

12:10
03/19/19
03/19
12:10
03/19/19
12:10

Closing call spread in Rent A Center as shares drop almost 5%

Closing call spread in Rent A Center as shares drop almost 5%. The stock down $1.03 to $20.17 and 30K Apr 20 - 23 call spreads sold at $1.15, tied. Trade matches a vertical opened for $1.35 on 3/7 with shares $20.30, which created the largest open interest in the name. The weakness in the stock today, which doesn't appear driven by any new information, has apparently motivated a closing transaction and a resulting loss of 20c per spread, or $600K on the 30K lot.

  • 16

    Apr

RCII Rent-A-Center
$19.91

-1.29 (-6.08%)

03/15/19
SPHN
03/15/19
NO CHANGE
Target $19
SPHN
Underweight
Rent-A-Center merger cancellation widely expected, says Stephens
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.
03/15/19
RAJA
03/15/19
UPGRADE
Target $25
RAJA
Outperform
Rent-A-Center upgraded to Outperform at Raymond James
As previously reported, Raymond James upgraded Rent-A-Center to Outperform from Market Perform and established a $25 price target. Analyst Budd Bugatch cites the trial win regarding the terminated buyout with Vintage Capital and a strong fundamental outlook for the upgrade.
03/15/19
03/15/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Amazon.com (AMZN) upgraded to Overweight from Sector Weight at KeyBanc with analyst Edward Yruma saying Amazon is taking a number of operational moves to improve profitability in core retail, which could drive mid-term earnings above current consensus estimates. 2. AT&T (T) upgraded to Outperform from Market Perform at Raymond James with analyst Frank Louthan saying AT&T shares trade at a relative discount and expects shares to be driven by positive earnings growth combined with a strong de-levering story. 3. Colfax (CFX) upgraded to Equal Weight from Underweight at Barclays with analyst Julian Mitchell saying he views the company's turnaround story as underappreciated. 4. Rent-A-Center (RCII) upgraded to Outperform from Market Perform at Raymond James with analyst Budd Bugatch citing the trial win regarding the terminated buyout with Vintage Capital and a strong fundamental outlook for the upgrade. 5. Global Net Lease (GNL) upgraded to Buy from Neutral at B. Riley FBR with analyst Bryan Maher citing the stock's attractive relative valuation as well as management's acquisition "acumen" for the upgrade to Buy. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/18/19
JEFF
03/18/19
NO CHANGE
Target $22
JEFF
Buy
Jefferies boosts Rent-A-Center target to $22 after Delaware court ruling
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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APHA

Aphria

$5.39

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TBPH

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BYSI

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EMR

Emerson

$67.21

0.16 (0.24%)

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ECA

Encana

$4.28

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WLL

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OAS

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NBL

Noble Energy

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PH

Parker-Hannifin

$178.45

-1.25 (-0.70%)

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