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Fly News Breaks for May 1, 2017
SYF, ADS
May 1, 2017 | 07:03 EDT
Deutsche Bank analyst Ashish Sabadra views the pullback Friday in shares of Alliance Data Systems (ADS) following Synchrony's (SYF) earnings report as a buying opportunity. Alliance Data, unlike Synchrony, has reserved appropriately and reiterated its charge-off guidance of mid-5% on its Q1 earnings call, Sabadra tells investors in a research note. The analyst does not see risk to Alliance's FY17 outlook and keeps a Buy rating on the shares with a $278 price target.
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