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News Watch
- 2/8/2010 7:41:52 AM
By Chip Brian, SmarTrend Analytics Team
02/08/2010-According to Barron's, Aaron's Inc. (NYSE:AAN) stock could appreciate strongly in the next year.
The company has revised its earnings expectations higher for 2009 and could report 25% to 28% growth over 2008.
For 2010, Aaron's expects EPS of $2.15 to $2.35, versus consensus estimates of $2.25, as new stores grow by 5% to 9%.
Shares of Aaron's closed at $28.52 Friday, but could rally to $35 in the next year as the company's outlook brightens and earnings continue to climb, Barron's said.
Contact Chip Brian
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