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Fly News Breaks for April 26, 2016
ADS
Apr 26, 2016 | 09:39 EDT
Stephens analyst Brett Huff lowered his price target for Alliance Data to $255 from $275 on lower Epsilon and card multiples. However, the analyst thinks Agency cross sale cash flows make the asset "worth owning" and sees the card business as a "very good" one. Huff also notes that he likes the incremental help from the potential $500M additional buyback. The analyst reiterates an Overweight rating on the shares.
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