TD Cowen lowered the firm’s price target on Prog Holdings (PRG) to $38 from $41 and keeps a Buy rating on the shares. The firm updated its price target to reflect is outlook in the Specialty Finance sector affected by macro economic factors and secualr growth in various areas of credit card, auto lending, student lending, non-prime lending, buy-now-pay-later, and lease to own.
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Read More on PRG:
- Prog Holdings price target lowered to $38 from $41 at TD Cowen
- PROG Holdings Completes Purchasing Power Acquisition and Financing
- Prog Holdings closes acquisition of Purchasing Power for $420M in cash
- Prog Holdings initiated with a Buy at B. Riley
- Mixed Investor Reactions and Divergent EPS Projections Lead to Hold Rating for PROG Holdings