Sterne Agee Provides Color on Rent-A-Center

Sterne Agee provided color on Rent-A-Center RCII. In a research report published today, Sterne Agee commented on the company's Q2 results. In the report, Sterne Agee states, “We expect 2Q results in line but see slight risk to the upper end of management's full-year guidance range of $2.90-$3.10. We think to achieve the upper end required the core business to pick up meaningfully after the earnings miss in 1Q.” At the moment, the rating agency has a Buy rating and a price target of $36 placed on the company's stock. On Tuesday, RCII added 2.82% to its value to finish the day at $31.01.