Stephens Upgrades Upbound Group (UPBD) to Overweight, 'has gotten underwriting under control'

Stephens analyst Vincent Caintic upgraded Upbound Group (NASDAQ: UPBD) from Equal Weight to Overweight.

The analyst comments "Upbound is on-track to be the first of the Lease-To-Own companies to inflect to positive top-line growth (by 4Q23). In addition to taking market share as higher-credit lenders tighten underwriting, Upbround has had greater success winning merchant partners with its regional retailer focus. While Upbound is the growth-play in the LTO group, we note that it has also had the most swings to its credit performance of the three. We think Upbound has gotten underwriting under control, to the point that its originations already anticipate a recession and leases therefore should do well in a "soft landing"."

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 $33.97 yesterday.

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