Keybanc Maintains Overweight Rating for Upbound Group: Here's What You Need To Know

Keybanc has decided to maintain its Overweight rating of Upbound Group UPBD and raise its price target from $36.00 to $39.00.

Shares of Upbound Group are trading up 2.93% over the last 24 hours, at $33.33 per share.

A move to $39.00 would account for a 17.01% increase from the current share price.

About Upbound Group

Upbound Group Inc is an omnichannel platform company committed to elevating financial opportunity for all through inclusive, and technology-driven financial solutions that address the evolving needs and aspirations of consumers. It has four operating segments; The Rent-A-Center Business segment operates lease-to-own stores, the Acima segment, offers the lease-to-own transaction to consumers who do not qualify for financing from the traditional retailer, and also offers the lease-to-own transaction through virtual offering solutions across e-commerce, digital, and mobile channels, Mexico segment offers lease-to-own stores in Mexico. The franchising segment offers the sale of rental merchandise to its franchisees. The company derives a majority of its revenue from the Acima segment.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.