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Fly News Breaks for September 3, 2015
ADS
Sep 3, 2015 | 07:26 EDT
Stephens named Alliance Data as its new best idea, stating that the stock's 11% decline since the company's Q2 report is unwarranted. The firm blames "lumpiness" in Epsilon digital agency revenue and weaker than expected revenue growth from Conversant for the pullback, but argues that both issues are temporary. The firm, which thinks the company's Conversant synergy guidance may be conservative, reiterates its Overweight rating and $350 price target on Alliance Data shares.
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