Information Provided By:
Fly News Breaks for May 14, 2019
ADS
May 14, 2019 | 08:11 EDT
Argus analyst Jasper Hellweg lowered his price target on Alliance Data to $164 to reflect the recent weakness in its stock price driven by the revenue growth limiting sale of Epsilon and its reduced reliance on large mall-based retailers in favor of "newer and more attractive vertical segments." The analyst also keeps his Buy rating on the stock, noting that in spite of the company's current challenges, its valuation discount relative to peers and its own historical average multiple has become excessive. Hellweg adds that he is positive on Alliance Data's history of dividend increases.
News For ADS From the Last 2 Days
There are no results for your query ADS