BTIG lowered the firm’s price target on Upbound Group (UPBD) to $40 from $45 and keeps a Buy rating on the shares. The company’s EPS guidance only missed consensus by 5%, though the magnitude of the stock’s post-earnings decline was a surprise, the analyst tells investors in a research note. BTIG adds that its price target cut reflects Upbound’s valuation.
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Read More on UPBD:
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