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Fly News Breaks for November 12, 2019
RCII
Nov 12, 2019 | 04:54 EDT
Stifel analyst John Baugh upgraded Rent-A-Center to Buy from Hold with an unchanged price target of $28. The recent pullback in the shares creates an attractive entry point, Baugh tells investors in a research note. With the company's expense cuts now completed, its balance sheet in "good shape,"and a "significantly improved ability to tackle" the $25B-$30B lease-to-own total addressable market, Rent-A-Center shares represent solid value at current levels, contends the analyst.
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