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RCII - Rent-A-Center lands upgrade from Loop Capital after Acima deal
Rent-A-Center Inc.
Loop Capital Markets raises its rating on Rent-A-Center (RCII) to a Buy rating from Hold after seeing upside for the company from the deal to acquire Acima. The deal is seen helping Rent-A-Center compete for national accounts. The firm hikes its price target to $50 from $34 vs. the average Wall Street PT of $39.50. RCII traded at a new 52-week high of $40.33 during yesterday's session. Rent-A-Center's deal for online lease-to-own provider Acima Holdings was valued at $1.65B.