- Stephens analyst Vincent Caintic lowered the firm's price target on Aaron's ( AAN ) to $19 from $26 and keeps an Equal Weight rating on the shares.
- The analyst is getting more cautious on the Lease-To-Own space due to worries about a recession as the Fed raises rates to fights inflation.
- Also, worries that Lease-To-Own management teams have low visibility into consumer credit, while also trying to drive sales volumes, said Caintic.
- Among the LTO names, he prefers Aaron's most, but he is lowering his estimates to the bottom-end of FY22 revenue guidance given his concerns.
- Aaron's SA Quant Rating stands with a Hold whereas, Wall St. Analysts Rating says to Buy (2 Very Bullish).
- Since the start of 2022, Aaron's shares were down around 41% , and over a period of one year, shares were down around 55% .
- Shares are currently down ~3.78% to $14.75 today.
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Aaron's price target lowered to $19 from $26 at Stephens