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Fly News Breaks for February 21, 2020
AAN
Feb 21, 2020 | 09:23 EDT
KeyBanc analyst Bradley Thomas lowered the firm's price target on Aaron's to $66 from $88 after the company's initial 2020 guidance missed expectations due to soft portfolio growth in the core Aaron's business and costs at Progressive related to the FTC settlement. Progressive revenues are accelerating and the FTC settlement should alleviate an overhang, said Thomas, who keeps an Overweight rating on the shares.
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