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Fly News Breaks for July 30, 2018
AAN
Jul 30, 2018 | 06:23 EDT
Loop Capital analyst Anthony Chukumba keeps his Buy rating and $52 price target on Aaron's, saying the civil investigative demands from the FTC into the company's financial product disclosures are "fairly routine" in the rent-to-own industry. The analyst adds that the company has made significant investments into compliance, and its "worst cast scenario" is a payment of an insignificant fine. Chukumba concludes that the selloff in the stock price on Friday is "overdone" and creates a buying opportunity for investors.
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