Raymond James Maintains Outperform Rating for Rent-A-Center: Here's What You Need To Know

Raymond James has decided to maintain its Outperform rating of Rent-A-Center RCII and lower its price target from $35.00 to $28.00.

Shares of Rent-A-Center are trading up 4.14% over the last 24 hours, at $18.23 per share.

A move to $28.00 would account for a 53.55% increase from the current share price.

About Rent-A-Center

Rent-A-Center Inc offers rent-to-own purchasing options for appliances, computers, smartphones, furniture, and related items. Customers make rental payments with the option to own the product after completing rent-to-own agreements. The company's operating segments are Rent-a-Center business, which includes company-owned stores and online platform; preferred lease, which provides lease-to-own options through third-party retailers; Mexico, which includes company-owned stores in Mexico; and franchising, which sells rental merchandise to intermediate franchisees for royalties and startup fees. The majority of revenue comes from repeat customers in the Rent-a-Center business segment of the U.S.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.