Truist Securities Maintains Hold Rating for Aarons: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has maintained a Hold rating on Aarons (NYSE:AAN) and increased its price target from $8.00 to $12.00. Aarons' shares are currently trading at $10.89, and the new price target suggests a potential upside of 10.19%. Aarons is a specialty retailer with a lease-to-own model for furniture, electronics, and home appliances, serving a significant portion of the U.S. population.
December 21, 2023 | 5:00 pm
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Truist Securities reaffirms a Hold rating on Aarons with an increased price target of $12, up from $8. The stock is currently at $10.89, and the new target implies a 10.19% upside.
The increase in price target by Truist Securities is a positive signal for investors, indicating a potential upside for Aarons' stock. While the Hold rating suggests a neutral stance on the stock's current valuation, the raised target price could lead to increased investor interest and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100