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Fly News Breaks for February 24, 2020
AAN
Feb 24, 2020 | 09:44 EDT
Loop Capital analyst Anthony Chukumba lowered his price target on Aaron's to $60 after its Q4 results, noting that while the earnings beat was "impressive", the guidance was below consensus for the 2nd consecutive quarter. The analyst still keeps his Buy rating on the stock, adding that the growing investor impatience may lead to the management divesting the Aaron's Business, which should be a "significant positive catalyst" for the stock.
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