Loop Capital lowered the firm’s price target on Prog Holdings (PRG) $40 from $45 and keeps a Buy rating on the shares after its Q1 results. Earnings were ahead of our expectations, and while management lowered its 2025 guidance, this was perfectly understandable giving growing US macroeconomic uncertainty, the analyst tells investors in a research note. Loop adds its reduced price target reflects lowered near-term earnings outlook.
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