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Fly News Breaks for December 19, 2019
GDOT
Dec 19, 2019 | 08:37 EDT
Citi analyst Andrew Schmidt downgraded Green Dot to Sell from Neutral with a price target of $21, down from $27, after the company's "unexpected" announcement of transitions for its CEO and CFO, which he sees suggesting greater uncertainty. Competition, investments and new product launches had already set up FY20 as a "difficult-to-navigate" year for Green Dot and the leadership transition may suggest downside risk, Schmidt tells investors.
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