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Fly News Breaks for October 9, 2018
AAN
Oct 9, 2018 | 09:06 EDT
As previously reported, Northcoast downgraded Aaron's to Neutral from Buy with a $55 price target. Analyst Tim Vierengel believes the positive commentary he is hearing regarding Progressive and the core stores outperforming expectations are already reflected in Aaron's valuation. Further, Vierengel expects Mattress Firm's bankruptcy and store closures will have a "material impact" on Progressive's topline.
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