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Fly News Breaks for April 30, 2018
RCII, AAN
Apr 30, 2018 | 05:54 EDT
Loop Capital analyst Anthony Chukumba upgraded Aaron's (AAN) to Buy and raised his price target for the shares to $52 from $45. The analyst remains "impressed" by Progressive's revenue growth and thinks the unit will benefit from Rent-A-Center's (RCII) "ongoing struggles." Further, he thinks Aaron's Q1 earnings miss "was not nearly as bad as it appeared." The analyst views the recent pullback in the shares as a buying opportunity.
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