Rent-A-Center upgraded to "hold" - update

10/25/05 - Legg Mason

NEW YORK, October 25 (newratings.com) - Analysts at Legg Mason upgrade Rent-A-Center Inc (RCII) from "sell" to "hold."

In a research note published this morning, the analysts mention that the company has announced its Q3 results and guidance for 4Q05 and 2006 in-line with the estimates. Rent-A-Center posted robust cash flows for the third quarter. The company repurchased 3.9 million shares in Q3, the analysts say. Rent-A-Center’s share price has declined significantly over the past three months, according to Legg Mason.