Aaron's (NYSE:AAN) was downgraded from Buy to Hold at Canaccord Genuity today. The stock closed yesterday at $29.72 on volume of 225,000 shares, below average daily volume of 369,000.

In the past 52 weeks, shares of Aaron's have traded between a low of $24.57 and a high of $32.53 and closed yesterday at $29.85, which is 21% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

Aaron's, Inc. rents and sells office and residential furniture and accessories, consumer electronics, and household appliances. The Company also manufactures furniture, bedding, and accessories. Aaron's has Company-owned and franchised centers in the United States.

Aaron's has overhead space with shares priced $29.85, or 14.7% below the average consensus analyst price target of $35.00. The stock should discover initial support at its 50-day moving average (MA) of $28.97 and subsequent support at its 200-day MA of $28.43.

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