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Fly News Breaks for December 2, 2019
ADS
Dec 2, 2019 | 06:27 EDT
BofA/Merrill analyst Ryan Cary resumed coverage of Alliance Data with a Neutral rating and $111 price target. The analyst notes that while the stock is down nearly 47% over the past year on cyclical concerns, execution challenges, and management turnover as it approaches its lowest multiple since 2009, he needs the company to show a more consistent execution with better visibility before turning more bullish.
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