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Fly News Breaks for November 11, 2019
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Nov 11, 2019 | 07:34 EDT
Oppenheimer analyst Dominick Gabriele upgraded Alliance Data to Outperform from Perform with a $125 price target. In a research note to investors, Gabriele says he sees the card services segment net of corporate drag as worth at least $119 using a 2.95x P/TBV multiple, and says total Alliance Data including LoyaltyOne could be worth $131. Gabriele says he expects an eventual sale of LoyaltyOne.
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