Engaged Capital Commends Rent-A-Center Board for Initiating Strategic Alternatives Review Process

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Rent-A-Center (RCII) PT Lowered to $11 at Jefferies Following 3Q; Reiterates Hold

November 1, 2017 8:11 AM EDT

Jefferies lowered its price target on Rent-A-Center (NASDAQ: RCII) to $11.00 (from $12.00) while maintaining a Hold rating following the company's 3Q earnings report. While RCII's 3Q17 revenues were consistent with forecasts, margin compression/ higher ANOW expenses drove an adjusted EPS miss in the... More