Upbound Group price target lowered to $33 from $36 at Loop Capital

Loop Capital lowered the firm’s price target on Upbound Group (UPBD) to $33 from $36 and keeps a Hold rating on the shares. The firm saw several encouraging signs in Upbound Group’s Q3 results, including a third straight same-store sales increase in the Rent-A-Center (RCII) business, but its Acima EBITDA margins have continued to decline despite healthy Gross Merchandise Volume and revenue growth, the analyst tells investors in a research note.