KeyBanc Capital Markets Initiates Rent-A-Center Coverage: Hold
KeyBanc Capital Markets initiated Rent-A-Center (NASDAQ: RCII) coverage with a Hold rating in a research report published today.
In the report, KeyBanc Capital Markets states, "While we are encouraged by management's efforts to invest in growth areas, we believe RCII stock is best positioned as a 2012 story, as the concepts ramp up and become significantly more accretive with time."
Shares of Rent-A-Center closed today at $31.34, up 1.75% from Wednesday's market close.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.