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Fly News Breaks for April 11, 2016
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Apr 11, 2016 | 06:52 EDT
Piper Jaffray analyst Jason Deleeuw says the 22% year-to-date pullback in shares of Alliance Data Systems provides an attractive entry point. The analyst believes credit concerns and overdone and he raised his price target for the shares to $285 from $276. The stock at current levels offers an opportunity into a "strong multi-year, secular growth story at an attractive relative valuation," Deleeuw tells investors in a research note. He reiterates an Overweight rating on the shares.
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