TD Cowen analyst Hoang Nguyen raised the firm’s price target on Prog Holdings (PRG) to $43 from $42 and keeps a Buy rating on the shares. The firm met with management and came away quite constructive on the copany’s 3-year targets, for which they believe the leasing business (Progressive Leasing) and BNPL business (Four) appear to target growth that is slightly higher than what they had modeled.
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- Buy Rating on PRG Driven by Diversified Consumer Finance Platform Strategy and Attractive EPS Growth Outlook
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- Prog Holdings raises quarterly dividend 7.7% to 14c from 13c per share
