Jul. 10 at 10:23 AM
$AAN Aaron's downgraded to Hold from Buy at Jefferies
Jefferies downgraded Aaron's to Hold from Buy with a price target of
$10.10, down from
$11, after the company entered into a merger agreement with IQVentures to be acquired for
$10.10 per share. The firm believes the acquisition represents an opportunity for Aaron's investors to receive a substantial premium to current price and navigate its business transformation as a private company without the need to manage short-term profit performance.
