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Fly News Breaks for April 6, 2017
AAN, RCII
Apr 6, 2017 | 09:28 EDT
Stephens analyst Vincent Caintic cautions Rent-A-Center (RCII) investors on near-term optimism following a TheDeal.com article stating strategic buyers for the company, namely Aaron's (AAN) and Buddy's. The analyst thinks operational headwinds are high, which may limit appetite for strategic buyers, and believes Aaron's can successfully compete away business from Rent-A-Center rather than having to pay to acquire it. He reiterates an Underweight rating and $9 price target on Rent-A-Center's shares.
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