Upbound Group price target lowered to $35 from $37 at Jefferies

Jefferies lowered the firm’s price target on Upbound Group (UPBD) to $35 from $37 and keeps a Hold rating on the shares. At virtual lease-to-own, or (V)LTO, companies the firm covers, it is focused on GMV growth for the quarter and given that more traditional providers of credit are tightening, the firm anticipates some customers to trickle into Prog Holdings (PRG) and Upbound’s customer box and drive top-line growth, the analyst tells investors.