Prog Holdings price target raised to $45 from $42 at Raymond James

Raymond James analyst Bobby Griffin raised the firm’s price target on Prog Holdings (PRG) to $45 from $42 and keeps an Outperform rating on the shares. Quarterly performance exceeded expectations across the board driven by modestly stronger demand and lower 90-day buyout activity within the Progressive Leasing segment, while management raised the 2026 outlook to reflect Q1 performance as well as the expectation that lower 90-day buyout levels will persist in the near-term, the analyst tells investors in a research note.