Wachovia initiates coverage of Rent A Center

Wachovia Securities Initiates Coverage of Rent A Center with Buy Rating

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05-30-02
RTO Online

Wachovia Securities announced today it has initiated coverage of Rent A Center, the nations largest Rent to Own. Wachovia, along with SunTrust Robinson Humphrey, were underwriters of the recent RAC secondary offering of 3.5 million shares.

Wachovia began coverage today with a 'BUY' rating. Wachovia reports Rent A Center as being covered by 9 analyst. 5 analysts rate Rent A Center a "Strong Buy", the remaining 4 rate the company a "Buy", for a Consensus Rating of "Strong Buy" (as of 5-2-02)

Companies with a buy rating include Lehman Bros who have rated Rent A Center a "Buy" since January of this year.

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