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Fly News Breaks for February 20, 2020
GDOT
Feb 20, 2020 | 09:12 EDT
SunTrust analyst Andrew Jeffrey raised his price target on Green Dot to $48 and kept his Buy rating after its Q4 earnings beat. The analyst believes that the company's franchise is undervalued in spite of its "structurally elevated" Retail revenue competition and expects its business to stabilize as it accelerates the growth of its high-value direct deposit accounts. Jeffrey adds that the implied lower long-term margins of Green Dot's "transition year" in 2020 is "more than reflected" in its stock price.
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