Aaron’s price target raised to $17 from $15 at Jefferies

Jefferies raised the firm’s price target on Aaron’s to $17 from $15 and keeps a Buy rating on the shares as part of a preview of Q2 earnings from non-prime consumer finance companies. The firm believes the focus of earnings will be on the initial signs of the trade-down effect and the overall availability of credit, adding that a tighter credit environment may serve to ease some of the demand headwinds facing POS lenders. However, the firm anticipates ongoing GMV headwinds for most in non-prime POS and RTO, the analyst noted.