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Fly News Breaks for September 3, 2019
ADS
Sep 3, 2019 | 06:17 EDT
UBS analyst Eric Wasserstrom upgraded Alliance Data to Buy but lowered his price target to $155 from $160. The analyst notes that the current "excessive discount" valuation on the stock assigns almost no equity value to its LoyaltyOne business and a deeply discounted value to its Card Services unit, even though there has been no major changes in the company's outlook.
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