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Fly News Breaks for February 14, 2019
AAN
Feb 14, 2019 | 12:53 EDT
Loop Capital analyst Anthony Chukumba maintained a Buy rating on Aaron's and raised his price target to $60 from $53, telling investors in a research note that the company finished 2018 "on a high note," particularly from a profitability perspective. Chukumba says he continues to believe Aaron's is managing the secular shift from brick-and-mortar to virtual rent-to-own "expertly" by optimizing profitability in the Aaron's Business while prudently investing in Progressive.
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