Stephens & Co. Maintains Equal-Weight on PROG Holdings, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Vincent Caintic maintains an Equal-Weight rating on PROG Holdings (NYSE:PRG) but lowers the price target from $68 to $37.

October 26, 2023 | 1:48 pm
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The price target for PROG Holdings has been lowered from $68 to $37 by Stephens & Co., though the Equal-Weight rating is maintained.
The lowering of the price target by Stephens & Co. indicates a less optimistic outlook for the company's stock, which could potentially lead to a decrease in its price in the short term. However, the maintenance of the Equal-Weight rating suggests that the analyst still sees some balance in the stock's risk-reward profile.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100