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Fly News Breaks for March 29, 2016
AAN
Mar 29, 2016 | 07:46 EDT
Noting that Aaron's stock has declined to $24.50 from the upper $30s price it reached in 4Q15, Stifel says it's only reduced its earnings estimates for the company by 6%-7% during that time. The firm remains confident about the outlook for the company's Progressive unit, as it predicts that the unit's growth will accelerate this year and in 2017. Stifel keeps a $32.50 price target and Buy rating on the shares.
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