Loop Capital lowered the firm’s price target on Upbound Group (UPBD) to $21 from $25 and keeps a Hold rating on the shares. The company’s Q2 results were ahead of expectations, and the firm continues to be encouraged by Acima’s improved performance, including seven and six consecutive quarters of y/y GMV and revenue growth, respectively, the analyst tells investors in a research note. Given continued U.S. macro uncertainty however, the firm is having a “difficult time” being more constructive on the stock, Loop added.
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