Keybanc Maintains Overweight on PROG Holdings, Lowers Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Bradley Thomas maintains an Overweight rating on PROG Holdings (NYSE:PRG) but lowers the price target from $48 to $44.
October 26, 2023 | 8:46 am
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Keybanc maintains an Overweight rating on PROG Holdings but lowers the price target from $48 to $44.
The news is directly related to PROG Holdings and is likely to influence investor sentiment. The Overweight rating suggests that Keybanc expects the stock to outperform the market, which could be positive for the stock. However, the lowering of the price target from $48 to $44 might be perceived negatively by the market, potentially putting downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100