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Fly News Breaks for June 18, 2018
AAN, RCII
Jun 18, 2018 | 09:21 EDT
Stephens analyst Vincent Caintic upgraded Rent-A-Center (RCII) to Equal Weight from Underweight after the company agreed to be bought by Vintage for $15 per share, which he views as a "good price." He also "strongly" recommends investors take profits at a discount to the $15 agreement, rather than wait for other offers, which he doesn't believe will be coming. Caintic additionally reiterated an Overweight rating on Aaron's (AAN), which he considers to have a superior franchise to Rent-A-Center.
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