08-22-02
RTO Online Rent Way has been
downgraded from Outperform to
Neutral by SunTrust Robinson Humphrey. In early March,
SunTrust analyst and Managing Director
Dennis Van Zelfden upgraded Rent Way to Outperform
with a 12 month price target of $9.00. Following that upgrade, RWY stock nearly
doubled to $13.00 per share, where it lingered until Early July when it began an
equally speedy descent to $4.22. RWY stock has consistently traded below $6.49
since late July. The stock closed today at $4.67 down
-7.52%. SunTrust currently covers 4 of the 5 publicly
held RTO companies. Following are the companies covered and the analyst's
ratings as of 8-22-02
| RBOW
|
Rainbow
Rentals, Inc. (M) |
1 S
(BUY, Speculative Risk) |
| RCII
|
Rent-A-Center, Inc (U) (M) (S) |
1 H
(BUY, High Risk) |
| RNT
|
Aaron
Rents, Inc. (U) (S) |
1 H
(BUY, High Risk) |
| RWY
|
Rent-Way,
Inc. (S) |
3 S
(NEUTRAL, Speculative) |
|
SunTrust Rating System |
|
Number Code |
According to
SunTrust...
...a stock rated 1L (BUY - Low Risk) indicates that our analyst expects a
total return of 15% or greater over the next 12 months, with a comparatively
low rate of risk. A stock rated 1S (BUY - Speculative) indicates that our
analyst expects a total return of 30% or greater over the next 12 months,
with a much higher level of risk... |
Risk Rating |
| 1 |
Buy |
L |
Low |
| 2 |
Outperform |
M |
Medium |
| 3 |
Neutral |
H |
High |
| 4 |
Underperform |
S |
Speculative |
| 5 |
Sell |
V |
Venture |
|
See SunTrust Website
HERE |
end
Home
Downgrade
A negative change in the rating of a security. For
example, an analyst may downgrade a stock from strong buy
to buy or a bond rating agency may downgrade a bond from
AAA to AA.
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Outperform
An analyst recommendation that means a stock is expected
to do slightly better than the market return.
Exact definitions vary by brokerage, but in general this
rating is better than neutral but worse than buy or strong
buy. Also known as market outperform, moderate buy, or
accumulate. back to top
Neutral
An analyst recommendation to neither buy nor sell a
security. Exact definitions vary by brokerage, but in
general this rating is better than sell but worse than
buy. The neutral rating is right in the middle of the
rating system, it means that if you own a security you
still shouldn't sell, but you also shouldn't buy the
security if you don't own it already. Also known as hold.
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Upgrade
A positive change in the rating of a security. For
example, an analyst may upgrade a stock from buy to strong
buy or a bond rating agency may upgrade a bond from AA to
AAA.
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|
