Loop Capital analyst Anthony Chukumba raised his price target on Aaron's (AAN) to $90 and kept his Buy rating ahead of its Q3 results on November 4th, reflecting the company's recent announcement of rolled out Progressive offering at Lowe's (LOW) nationwide. The analyst expects investors to focus on the management's earnings call commentary regarding Progressive sales and the "invoice volume per active door" growth metric, along with any updates on its partnership with Best Buy (BBY). Chukumba is also raising his FY20 EPS view on Aaron's to $4.97 from $4.54.

Bullish option flow detected in Lowe's with 4,454 calls trading, 1.4x expected, and implied vol increasing over 1 point to 25.60%. Apr-24 240 calls and Sep-24 230 calls are the most active options, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 0.46. Earnings are expected on May 21st.