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Fly News Breaks for March 23, 2016
AAN
Mar 23, 2016 | 10:46 EDT
Northcoast analyst Nick Mitchell said Aaron's Inc shares seem "dramatically" undervalued. The analyst continues to believe Progressive is the market leader in the kiosk channel with an addressable market of $25B and estimates that only $3.5B or less of the potential opportunity is currently being captured. Mitchell sees a long runway for growth remaining and estimates Progressive has the ability to sustainably generate incremental operating margins in the range of 14.0% to 20.0%. The analyst rates Aaron's a Buy with a $35 price target on shares.
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