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Fly News Breaks for August 8, 2019
GDOT
Aug 8, 2019 | 09:05 EDT
SunTrust analyst Andrew Jeffrey lowered his price target on Green Dot to $50 after its lowered FY19 guidance but keeps his Buy rating and says the sharp sell-off is "materially overdone". The analyst contends that in spite of the growing legacy business competition, the company can ramp new products and win BaaS customers, maintaining his view of being able to add about 1M total Unlimited accounts and 100K accounts per month through 2019-end.
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