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Fly News Breaks for May 9, 2019
GDOT
May 9, 2019 | 09:24 EDT
Craig-Hallum analyst Bradley Berning lowered his price target for Green Dot to $100 from $115 following the announcement to invest an incremental $60M, which he believes suggests that the company's legacy product needs the refresh faster than previously assumed and BaaS demand is way stronger and "large" partners expect to implement new products sooner than anticipated. Berning reiterates a Buy rating on the shares.
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