Loop Capital Reiterates Hold Rating on Upbound Group (UPBD)

Loop Capital analyst Anthony Chukumba reiterated a Hold rating and $36.00 price target on Upbound Group (NASDAQ: UPBD).

The analyst commented: "Earlier this week we accompanied Upbound Group ("Upbound") senior management, including EVP and CFO Fahmi Karam and SVP Strategy & Corporate Development Jeff Chesnut on a series of investor meetings. We left the meetings feeling incrementally more optimistic on Upbound, particularly the Acima business given the ample future GMV runway and long-awaited credit trade down. That said, we are maintaining our Hold rating as we await concrete evidence Upbound's improved top-line trends will translate to improved profitability. PROG Holdings remains our favorite idea for investors seeking exposure to the lease-to-own (LTO) space."

For an analyst ratings summary and ratings history on Upbound Group click here. For more ratings news on Upbound Group click here.

Shares of Upbound Group closed at $29.82 yesterday.

You May Also Be Interested In