Jefferies Assumes PROG Holdings (PRG) at Buy

Jefferies analyst Kyle Joseph assumes coverage on PROG Holdings (NYSE: PRG) with a Buy rating and a price target of $31.00.

The analyst comments "Prior to the pandemic (2015-2019), PRG was consistently growing revs 20% and EBITDA in excess of this. With shelter-in-place, stimulus and ultimately inflation, the VLTO industry has delivered volatile results over the past three years. We believe we are on the cusp of things getting back to normal, which could be accelerated by a recession/declining balance of available credit. We consider PRG as best positioned for a normalization of VLTO - maintain Buy."

For an analyst ratings summary and ratings history on PROG Holdings click here. For more ratings news on PROG Holdings click here.

Shares of PROG Holdings closed at $24.00 yesterday.

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