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Recommendations
Raymond James maintains Buy rating on PROG following spinout » 08:42
12/02/20
12/02
08:42
12/02/20
08:42
PRG

PROG Holdings

$57.50 /

+4.3 (+8.08%)

, AAN

Aaron's

$18.31 /

-2.44 (-11.76%)

Raymond James analyst…

Raymond James analyst Bobby Griffin continued coverage of PROG Holdings (PRG) with an Outperform rating, but lowered the firm's price target to $63 from $68, after Aaron's (AAN) completed the spinout of the core Aaron's business, leaving the Progressive & Vive business units. Griffin says the virtual lease to own industry is an attractive industry, with a large addressable market that creates a multiyear growth opportunity, and sees the potential for tighter consumer credit conditions.

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PRG PROG Holdings
$57.50 /

+4.3 (+8.08%)

AAN Aaron's
$18.31 /

-2.44 (-11.76%)

PRG PROG Holdings
$57.50 /

+4.3 (+8.08%)

12/02/20 Truist
PROG Holdings assumed with a Buy at Truist
12/02/20 BofA
BofA starts Aaron's post-spinoff at Neutral with $20 price target
12/02/20 KeyBanc
PROG Holdings initiated with an Overweight at KeyBanc
12/02/20 Truist
PROG Holdings assumed with a Buy at Truist
AAN Aaron's
$18.31 /

-2.44 (-11.76%)

12/02/20 Raymond James
Aaron's initiated with a Market Perform at Raymond James
12/02/20 Truist
Aaron's downgraded to Hold from Buy at Truist
12/02/20 KeyBanc
Aaron's initiated with a Sector Weight at KeyBanc
AAN Aaron's
$18.31 /

-2.44 (-11.76%)

AAN Aaron's
$18.31 /

-2.44 (-11.76%)

PRG PROG Holdings
$57.50 /

+4.3 (+8.08%)

Initiation
Aaron's initiated with a Market Perform at Raymond James » 08:34
12/02/20
12/02
08:34
12/02/20
08:34
AAN

Aaron's

$18.31 /

-2.44 (-11.76%)

Raymond James analyst…

Raymond James analyst Bobby Griffin initiated coverage of Aaron's with a Market Perform rating after the company completed the spinout of the core Aaron's business. Griffin thinks the real estate optimization should enable further efficiency gains, coupled with consistent cash flow generation, but feels "shrink to grow" stories are tough stocks to recommend, particularly during the initial phase of revenue declines.

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AAN Aaron's
$18.31 /

-2.44 (-11.76%)

AAN Aaron's
$18.31 /

-2.44 (-11.76%)

12/02/20 Truist
Aaron's downgraded to Hold from Buy at Truist
12/02/20 BofA
BofA starts Aaron's post-spinoff at Neutral with $20 price target
12/02/20 KeyBanc
Aaron's initiated with a Sector Weight at KeyBanc
12/02/20 BofA
The Aaron's Company initiated with a Neutral at BofA
AAN Aaron's
$18.31 /

-2.44 (-11.76%)

AAN Aaron's
$18.31 /

-2.44 (-11.76%)

AAN Aaron's
$18.31 /

-2.44 (-11.76%)

Downgrade
Aaron's downgraded to Hold from Buy at Truist » 07:11
12/02/20
12/02
07:11
12/02/20
07:11
AAN

Aaron's

$18.31 /

-2.44 (-11.76%)

, RCII

Rent-A-Center

$34.61 /

+0.79 (+2.34%)

Truist analyst Bill…

Truist analyst Bill Chappell downgraded Aaron's (AAN) to Hold from Buy with a post-split adjusted price target of $20, down from $70. The analyst notes that following the spin-off of the Progressive and Vive segments into a separate public company, his new rating and a discount in Aaron's current valuation relative to its direct peer Rent-a-Center (RCII) is warranted given the company's "uneven results" over the past few years. Chappell adds that he would like to see more consistent, non-pandemic impacted results before becoming more constructive.

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RCII Rent-A-Center
$34.61 /

+0.79 (+2.34%)

AAN Aaron's
$18.31 /

-2.44 (-11.76%)

AAN Aaron's
$18.31 /

-2.44 (-11.76%)

12/02/20 BofA
BofA starts Aaron's post-spinoff at Neutral with $20 price target
12/02/20 KeyBanc
Aaron's initiated with a Sector Weight at KeyBanc
12/02/20 BofA
The Aaron's Company initiated with a Neutral at BofA
12/01/20 Jefferies
Jefferies would capitalize on technical pressure on Aaron's after spinoff
RCII Rent-A-Center
$34.61 /

+0.79 (+2.34%)

10/12/20 Loop Capital
Rent-A-Center downgraded to Hold from Buy at Loop Capital
09/22/20 Loop Capital
Rent-A-Center Q3 guidance impressive amid receding tailwinds, says Loop Capital
08/07/20 Loop Capital
Rent-A-Center price target raised to $34 from $29 at Loop Capital
07/01/20
Fly Intel: Top five analyst downgrades
RCII Rent-A-Center
$34.61 /

+0.79 (+2.34%)

AAN Aaron's
$18.31 /

-2.44 (-11.76%)

RCII Rent-A-Center
$34.61 /

+0.79 (+2.34%)

RCII Rent-A-Center
$34.61 /

+0.79 (+2.34%)

AAN Aaron's
$18.31 /

-2.44 (-11.76%)

AAN Aaron's
$18.31 /

-2.44 (-11.76%)

Initiation
BofA starts Aaron's post-spinoff at Neutral with $20 price target » 06:36
12/02/20
12/02
06:36
12/02/20
06:36
AAN

Aaron's

$18.31 /

-2.44 (-11.76%)

, PRG

PROG Holdings

$57.50 /

+4.3 (+8.08%)

BofA analyst Jason Haas…

BofA analyst Jason Haas initiated coverage of Aaron's (AAN) with a Neutral rating and $20 price target following the spinoff from Progressive (PRG). The brick and mortar lease-to-own retailer plans to reduce its company-owned store count by 20%-30% over the next five years, which would lead to lower revenue, at least initially, but higher EBITDA, noted Haas.

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PRG PROG Holdings
$57.50 /

+4.3 (+8.08%)

AAN Aaron's
$18.31 /

-2.44 (-11.76%)

AAN Aaron's
$18.31 /

-2.44 (-11.76%)

12/02/20 KeyBanc
Aaron's initiated with a Sector Weight at KeyBanc
12/02/20 BofA
The Aaron's Company initiated with a Neutral at BofA
12/01/20 Jefferies
Jefferies would capitalize on technical pressure on Aaron's after spinoff
12/01/20 Jefferies
PROG Holdings initiated with a Buy at Jefferies
PRG PROG Holdings
$57.50 /

+4.3 (+8.08%)

12/02/20 KeyBanc
PROG Holdings initiated with an Overweight at KeyBanc
12/02/20 Truist
PROG Holdings assumed with a Buy at Truist
12/01/20
Fly Intel: Top five analyst initiations
AAN Aaron's
$18.31 /

-2.44 (-11.76%)

AAN Aaron's
$18.31 /

-2.44 (-11.76%)

AAN Aaron's
$18.31 /

-2.44 (-11.76%)

Initiation
Aaron's initiated with a Sector Weight at KeyBanc » 06:23
12/02/20
12/02
06:23
12/02/20
06:23
AAN

Aaron's

$18.31 /

-2.44 (-11.76%)

KeyBanc analyst Bradley…

KeyBanc analyst Bradley Thomas initiated coverage of Aaron's with a Sector Weight rating and no price target. The analyst is positive the company's e-commerce and its footprint optimization strategies, but believes the stock may face selling pressure following the spin transaction in the near-term.

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AAN Aaron's
$18.31 /

-2.44 (-11.76%)

AAN Aaron's
$18.31 /

-2.44 (-11.76%)

12/02/20 BofA
The Aaron's Company initiated with a Neutral at BofA
12/01/20 Jefferies
Jefferies would capitalize on technical pressure on Aaron's after spinoff
12/01/20 Jefferies
PROG Holdings initiated with a Buy at Jefferies
11/30/20 Stephens
Aaron's downgraded to Equal Weight from Overweight at Stephens
AAN Aaron's
$18.31 /

-2.44 (-11.76%)

AAN Aaron's
$18.31 /

-2.44 (-11.76%)

AAN Aaron's
$18.31 /

-2.44 (-11.76%)

Initiation
The Aaron's Company initiated with a Neutral at BofA » 06:06
12/02/20
12/02
06:06
12/02/20
06:06
AAN

The Aaron's Company

$18.31 /

-2.44 (-11.76%)

BofA initiated coverage…

BofA initiated coverage of The Aaron's Company with a Neutral rating and $20 price target.

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AAN The Aaron's Company
$18.31 /

-2.44 (-11.76%)

AAN The Aaron's Company
$18.31 /

-2.44 (-11.76%)

12/01/20 Jefferies
Jefferies would capitalize on technical pressure on Aaron's after spinoff
12/01/20 Jefferies
PROG Holdings initiated with a Buy at Jefferies
11/30/20 Stephens
Aaron's downgraded to Equal Weight from Overweight at Stephens
09/11/20 Loop Capital
Aaron's price target raised to $90 from $80 at Loop Capital
AAN The Aaron's Company
$18.31 /

-2.44 (-11.76%)

AAN The Aaron's Company
$18.31 /

-2.44 (-11.76%)

AAN The Aaron's Company
$18.31 /

-2.44 (-11.76%)

Hot Stocks
The Aaron's Company to replace Geospace in S&P 600 at open on 12/2 » 04:55
12/02/20
12/02
04:55
12/02/20
04:55
AANWI

The Aaron's Company

$0.00 /

+ (+0.00%)

, GEOS

Geospace

$5.91 /

-0.25 (-4.06%)

, AAN

The Aaron's Company

$18.31 /

-2.44 (-11.76%)

The Aaron's Company…

The Aaron's Company (AANwi) will replace Geospace (GEOS) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, December 2. Aaron's Holdings (AAN) is spinning off The Aaron's Company in a transaction expected to be completed post close on November 30. Post spin-off transaction, parent Aaron's Holdings will change its name to PROG Holdings, its ticker to "PRG," and its Global Industry Classification Standard sub industry group to Consumer Finance. The newly named PROG Holdings will remain in the S&P MidCap 400. The Aaron's Company will trade under ticker symbol "AAN" effective on December 1. Geospace Technologies is no longer representative of the small-cap market space.

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AANWI The Aaron's Company
$0.00 /

+ (+0.00%)

AAN The Aaron's Company
$18.31 /

-2.44 (-11.76%)

AANWI The Aaron's Company
$0.00 /

+ (+0.00%)

GEOS Geospace
$5.91 /

-0.25 (-4.06%)

AAN The Aaron's Company
$18.31 /

-2.44 (-11.76%)

12/01/20 Jefferies
Jefferies would capitalize on technical pressure on Aaron's after spinoff
12/01/20 Jefferies
PROG Holdings initiated with a Buy at Jefferies
11/30/20 Stephens
Aaron's downgraded to Equal Weight from Overweight at Stephens
09/11/20 Loop Capital
Aaron's price target raised to $90 from $80 at Loop Capital
AAN The Aaron's Company
$18.31 /

-2.44 (-11.76%)

AAN The Aaron's Company
$18.31 /

-2.44 (-11.76%)

AAN The Aaron's Company
$18.31 /

-2.44 (-11.76%)

Tuesday
Options
Two new option listings and two option delistings on December 1st » 08:30
12/01/20
12/01
08:30
12/01/20
08:30
PRG

PROG Holdings

$38.00 /

+18 (+4.00%)

, WRAP

Wrap Technologies

$34.00 /

+11 (+3.00%)

, AAN

The Aaron's Company

$38.00 /

+19 (+1.00%)

, WRTC

Wrap Technologies

$38.00 /

+11 (+8.00%)

New option listings for…

New option listings for December 1st include PROG Holdings Inc (PRG) and Wrap Technologies Inc (WRAP). Option delistings effective December 1st include Aaron's (AAN) and Wrap Technologies Inc (WRTC).

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WRTC Wrap Technologies
$38.00 /

+11 (+8.00%)

WRAP Wrap Technologies
$34.00 /

+11 (+3.00%)

PRG PROG Holdings
$38.00 /

+18 (+4.00%)

AAN The Aaron's Company
$38.00 /

+19 (+1.00%)

PRG PROG Holdings
$38.00 /

+18 (+4.00%)

12/01/20 Jefferies
Jefferies would capitalize on technical pressure on Aaron's after spinoff
12/01/20 Jefferies
Jefferies would capitalize on technical pressure on Aaron's after spinoff
12/01/20 Jefferies
PROG Holdings initiated with a Buy at Jefferies
12/01/20 Jefferies
PROG Holdings initiated with a Buy at Jefferies
11/30/20 Stephens
Aaron's downgraded to Equal Weight from Overweight at Stephens
11/30/20 Stephens
Aaron's downgraded to Equal Weight from Overweight at Stephens
WRAP Wrap Technologies
$34.00 /

+11 (+3.00%)

AAN The Aaron's Company
$38.00 /

+19 (+1.00%)

09/11/20 Loop Capital
Aaron's price target raised to $90 from $80 at Loop Capital
09/11/20 Loop Capital
Aaron's price target raised to $90 from $80 at Loop Capital
WRTC Wrap Technologies
$38.00 /

+11 (+8.00%)

07/31/20 Ladenburg
Wrap Technologies price target raised to $14 from $9.75 at Ladenburg
07/31/20 Ladenburg
Wrap Technologies price target raised to $14 from $9.75 at Ladenburg
07/06/20 Northland
Wrap Technologies downgraded to Market Perform from Outperform at Northland
07/06/20 Northland
Wrap Technologies downgraded to Market Perform from Outperform at Northland
03/24/20 Northland
Wrap Technologies upgraded to Outperform from Market Perform at Northland
03/24/20 Northland
Wrap Technologies upgraded to Outperform from Market Perform at Northland
01/29/20 Ladenburg
Wrap Technologies initiated with a Buy at Ladenburg
01/29/20 Ladenburg
Wrap Technologies initiated with a Buy at Ladenburg
WRTC Wrap Technologies
$38.00 /

+11 (+8.00%)

AAN The Aaron's Company
$38.00 /

+19 (+1.00%)

WRTC Wrap Technologies
$38.00 /

+11 (+8.00%)

WRTC Wrap Technologies
$38.00 /

+11 (+8.00%)

AAN The Aaron's Company
$38.00 /

+19 (+1.00%)

WRTC Wrap Technologies
$38.00 /

+11 (+8.00%)

Recommendations
Jefferies would capitalize on technical pressure on Aaron's after spinoff » 07:41
12/01/20
12/01
07:41
12/01/20
07:41
AAN

The Aaron's Company

$20.75 /

-1.55 (-6.95%)

, PRG

PROG Holdings

$53.20 /

+1.2 (+2.31%)

Jefferies analyst Kyle…

Jefferies analyst Kyle Joseph updated his model and valuation for the standalone Aaron's (AAN) business following the spin from Progressive (PRG), setting a Buy rating $25 price target on the standalone Aaron's Company. Given what he sees as the roughly $19 trading price implied by the "when issued" shares, he said he would capitalize on any technical pressure given his view on how Aaron's business has evolved and management's five-year plan of "shrinking to grow," Joseph tells investors.

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PRG PROG Holdings
$53.20 /

+1.2 (+2.31%)

AAN The Aaron's Company
$20.75 /

-1.55 (-6.95%)

AAN The Aaron's Company
$20.75 /

-1.55 (-6.95%)

12/01/20 Jefferies
PROG Holdings initiated with a Buy at Jefferies
11/30/20 Stephens
Aaron's downgraded to Equal Weight from Overweight at Stephens
09/11/20 Loop Capital
Aaron's price target raised to $90 from $80 at Loop Capital
09/11/20 Truist
Aaron's price target raised to $70 from $65 at Truist
PRG PROG Holdings
$53.20 /

+1.2 (+2.31%)

AAN The Aaron's Company
$20.75 /

-1.55 (-6.95%)

AAN The Aaron's Company
$20.75 /

-1.55 (-6.95%)

Initiation
PROG Holdings initiated with a Buy at Jefferies » 07:36
12/01/20
12/01
07:36
12/01/20
07:36
PRG

PROG Holdings

$53.20 /

+1.2 (+2.31%)

, AAN

The Aaron's Company

$20.75 /

-1.55 (-6.95%)

Jefferies analyst Ryan…

Jefferies analyst Ryan Carr initiated coverage of PROG Holdings (PRG) with a Buy rating and $67 price target following the company's spin from The Aaron's Company (AAN). The parent of Progressive, which he views as a "pioneer in the virtual lease-to-own world," is best positioned for growth in "a large market that remains underserved," Carr tells investors.

ShowHide Related Items >><<
PRG PROG Holdings
$53.20 /

+1.2 (+2.31%)

AAN The Aaron's Company
$20.75 /

-1.55 (-6.95%)

PRG PROG Holdings
$53.20 /

+1.2 (+2.31%)

11/30/20 Stephens
Aaron's downgraded to Equal Weight from Overweight at Stephens
AAN The Aaron's Company
$20.75 /

-1.55 (-6.95%)

09/11/20 Loop Capital
Aaron's price target raised to $90 from $80 at Loop Capital
09/11/20 Truist
Aaron's price target raised to $70 from $65 at Truist
09/11/20 Stephens
Aaron's price target raised to $70 from $65 at Stephens
AAN The Aaron's Company
$20.75 /

-1.55 (-6.95%)

AAN The Aaron's Company
$20.75 /

-1.55 (-6.95%)

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