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Fly News Breaks for February 27, 2020
AAN
Feb 27, 2020 | 09:09 EDT
As previously reported, Northcoast analyst Tim Vierengel downgraded Aaron's to Neutral from Buy. His prior growth expectations for the Progressive segment were "off base" and the company's FY20 guidance for the core business is worse than even his lowered expectations, Vierengel tells investors. While the recovery timeline is uncertain, the stock's current valuation is in-line with its five-year average, the analyst added.
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