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Fly News Breaks for November 20, 2017
GDOT
Nov 20, 2017 | 09:09 EDT
Morgan Stanley analyst Vasundhara Govil acknowledged that he misjudged's Green Dot turnaround, stating that its fundamental transformation has been "remarkable" and he now believes its double digit topline and bottom line growth is sustainable over the near-to-medium term. While he raised his price target on Green Dot shares to $60 from $38, Govil keeps an Equal Weight rating on the stock as he sees the near-term upside to consensus expectations as already factored into the shares at current levels.
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