Will This Analyst Upgrade Help Rent-A-Center (RCII) Stock Today?

NEW YORK (TheStreet) -- Shares of Rent-A-Center  (RCII) rose 1.39% to $30.44 in morning trading Monday after Keybanc upgraded the stock to "buy" from "hold" and set a $38 price target.

The firm said revenue and expense optimization could double earnings in the next few years.

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Separately, TheStreet Ratings team rates RENT-A-CENTER INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate RENT-A-CENTER INC (RCII) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share."

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