Keybanc Maintains Overweight Rating for PROG Holdings: Here's What You Need To Know

Keybanc has decided to maintain its Overweight rating of PROG Holdings PRG and lower its price target from $40.00 to $36.00.

Shares of PROG Holdings are trading down 1.15% over the last 24 hours, at $17.20 per share.

A move to $36.00 would account for a 109.3% increase from the current share price.

About PROG Holdings

PROG Holdings Inc is a provider of lease-purchase solutions through more than 30,000 retail partner locations in 46 states and the district of Columbia, including e-commerce merchants. The firm operates in two segments Progressive Leasing and Vive Financial. The majority of the firm's revenue is derived from the Progressive Leasing segment that offers lease-to-own transactions mainly to credit-challenged consumers, through point-of-sale and e-commerce retail partners, via in-store, mobile, and online solutions.

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