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Fly News Breaks for June 17, 2019
W, AAN
Jun 17, 2019 | 09:12 EDT
Northcoast analyst Tim Vierengel raised his price target on Aaron's (AAN) to $72 from $65, stating that he was "pleasantly surprised" to find that the company's lending unit Progressive has recently been fully integrated into the offerings of online furniture retailer Wayfair (W). The analyst, who thinks this "could be a match made in heaven," sees Progressive having a $223M sourcing opportunity with Wayfair over the next 12 months. Vierengel keeps a Buy rating on Aaron's shares.
News For AAN;W From the Last 2 Days
W
Apr 24, 2024 | 13:26 EDT
Bullish option flow detected in Wayfair with 10,218 calls trading, 1.2x expected, and implied vol increasing almost 4 points to 81.40%. May-24 60 puts and Sep-24 60 calls are the most active options, with total volume in those strikes near 3,800 contracts. The Put/Call Ratio is 0.64. Earnings are expected on May 2nd.
W
Apr 24, 2024 | 07:31 EDT
TD Cowen raised the firm's price target on Wayfair to $55 from $50 and keeps a Hold rating on the shares. The firm said they expect the company to report revenue and EBITDA slightly below current consensus estimates when it reports earnings.