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Fly News Breaks for August 17, 2016
ADS
Aug 17, 2016 | 05:44 EDT
Credit Suisse analyst Paul Condra downgraded Alliance Data Systems to Underperform saying the company's credit trends suggest higher risk. The market will eventually recognize that Alliance Data is a lender and not a technology services company, Condra tells investors in a research note. He believes ADS should trade like a card lender and cut his price target for the shares to $190 from $233.
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