KeyBanc Capital Markets Initiates Aaron's Coverage: Buy, $34 PT

KeyBanc Capital Markets initiated Aaron's (NYSE: AAN) coverage with a Buy rating and $34 price target in a research report published today.

In the report, KeyBanc Capital Markets states, "While we see potential downside risk to 2Q EPS, due to the effect of higher gasoline prices on the consumer, we believe longer term AAN is poised to benefit from the Company's maturing store base, a healthy unit growth rate and steady improvement in profitability."

Shares of Aaron's closed today at $26.55, down 1.08% from Wednesday's market close.