Option Millionaires

[jimmybob]

Rent-A-Center Q3 guidance impressive amid receding tailwinds, says Loop Capital
Loop Capital analyst Anthony Chukumba keeps his Buy rating and $34 price target on Rent-A-Center after the company's above-consensus Q3 guidance and raised outlook for FY20. The analyst notes that the forecast is particularly "impressive" considering that the prior fiscal stimulus tailwinds have "long abated" at this point. Chukumba adds that the company's update further supports his belief that rent-to-own retailers outperform during economic downturns, with higher credit score consumers "trading down" as subprime credit dries up