BTIG Downgrades Upbound Group (UPBD) to Neutral

BTIG analyst Vincent Caintic downgraded Upbound Group (NASDAQ: UPBD) from Buy to Neutral.

The analyst comments "We're downgrading UPBD shares to Neutral from Buy and removing our $28 price target. Our estimates remain largely unchanged from prior, but our certainty on those estimates over the next 12 months has decreased. We see Upbound similarly to Prog Holdings (PRG, Neutral), which also has smaller fast-growing segments but overshadowed by weakness in the core Leasing businesses."

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 $20.12 yesterday.

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