KeyBanc Starts Aaron's (AAN) at Buy; Leader in the Rent-to-Own Industry

KeyBanc initiates coverage on Aaron's (NYSE: AAN) with a Buy. PT $34.00.

KeyBanc analyst says, "AAN is the fastest growing retailer in the rent-to-own industry. The Company operates more than 1,800 stores under various brands and has a strong track record of growing its core Aaron's brand. While growth has slowed from the aggressive pace of the early 2000's, management still targets mid to high single-digit unit growth, and we believe the Company can achieve the higher end of this guidance. Encouragingly, growth is now all self-funded, which positions shareholders for improved returns."

For more ratings news on Aaron's click here and for the rating history of Aaron's click here.

Shares of Aaron's closed at $26.55 yesterday.

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