tiprankstipranks

Aaron’s price target lowered to $11 from $15 at Truist

Truist lowered the firm’s price target on Aaron’s to $11 from $15 and keeps a Hold rating on the shares as part of a broader research note on Hardlines/Broadlines. Truist card data suggests that retail spending trends have softened at the margin over the last few weeks, though these trends also look to be far more stable than what one might assume based on the underperformance seen from many retailers, the analyst tells investors in a research note. The firm is also adjusting its price targets to reflect the sector’s market multiple decline.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on AAN:

Disclaimer & DisclosureReport an Issue