2022-06-29 07:44:35 RCII Rent-A-Center
06/29/22 06/2907:44 06/29/2207:44 | Rent-A-Center downgraded to Equal Weight from Overweight at StephensStephens analyst Vincent Caintic downgraded Rent-A-Center to Equal Weight from Overweight with an unchanged price target of $42. He is getting more cautious on the Lease-To-Own space due to worries about a recession as the Fed raises rates to fights inflation. He worries that Lease-To-Own management teams have low visibility into consumer credit, while also trying to drive sales volumes, said Caintic, who notes that with the downgrade all of his LTO coverage is now at an Equal Weight rating. |
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