Aaron’s price target raised to $15 from $12 at Truist

Truist raised the firm’s price target on Aaron’s to $15 from $12 but keeps a Hold rating on the shares. The company’s Q2 profitability came in above expectations as Aaron’s continues to execute well on multiple fronts, even though the management affirmed guidance as demand remains meaningfully pressured by broader economic headwinds facing its core low-income customers and soft CE/appliance trends, the analyst tells investors in a research note.