Loop Capital analyst Anthony Chukumba upgraded Upbound Group (UPBD) to Buy from Hold with a price target of $36, up from $21, after hosting meetings with management. The firm left “incrementally more confident” in the company’s near-term earnings potential amid continued growth of Acima and Brigit. In addition, Upbound will receive a cash “windfall” over the next few years from accelerated depreciation provisions in the One Big Beautiful Bill, the analyst tells investors in a research note. At current share levels, Loop believes Upbound’s upside potential outweighs the downside risk.
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