UPDATE: Stifel Upgrades Rent-A-Center (RCII) to Buy

(update comment)

Stifel analyst John Baugh upgraded Rent-A-Center (NASDAQ: RCII) from Hold to Buy with a price target of $28.00.

The analyst comments "With meaningful expense cuts now completed, the balance sheet in good shape, a measurable dividend yield, and a significantly improved ability to tackle the $25-30 billion lease-to-own TAM, we believe the shares represent solid value at current levels."

For an analyst ratings summary and ratings history on Rent-A-Center click here. For more ratings news on Rent-A-Center click here.

Shares of Rent-A-Center closed at $22.43 yesterday.

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