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Fly News Breaks for June 7, 2017
ADS
Jun 7, 2017 | 07:45 EDT
Wells Fargo believes that Alliance Data's recent acquisition of $1B of receivables from Signet Jewelers gives the company "an attractive source of new business." It thinks that the deal could boost the company's EPS by 84c by 2020. while boosting investor sentiment towards the name. Wells keeps an Outperform rating on the stock.
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