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Fly News Breaks for August 9, 2019
GDOT
Aug 9, 2019 | 06:46 EDT
Guggenheim analyst Jeff Cantwell upgraded Green Dot to Buy from Neutral with a $36 price target. The company is in the midst of a "painful model transition," but the the "bad news" is now baked into the shares, Cantwell tells investors in a research note. He believes Green Dot's risk/reward looks favorable at current levels following the recent selloff.
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