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Fly News Breaks for December 18, 2018
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Dec 18, 2018 | 07:47 EDT
Baird analyst Jeffrey Meuler lowered his price target on Alliance Data to $203 from $250 following its November CS data, which he views as modestly negative. The analyst said the data showed a further deceleration in client balance growth and delinquency rates, which worsened on a sequential basis. Based on the deteriorating trends, coupled with multiple contraction, Meuler lowered his price, but maintained his Outperform rating on Alliance Data shares.
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