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Fly News Breaks for July 10, 2018
GDOT
Jul 10, 2018 | 08:32 EDT
Jefferies analyst John Hecht assumed coverage of Green Dot with a Buy rating and raised his price target for the shares to $89 from $83. The company is "uniquely poised to benefit from scarcity value in the prepaid/underbanked space," Hecht tells investors in a research note. After several quarters of investment, a "strong top-line margin and earnings power are starting to take hold," the analyst adds.
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