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Fly News Breaks for September 3, 2015
RATE
Sep 3, 2015 | 07:11 EDT
Stephens upgraded Bankrate to Overweight from Equal Weight as it believes the company will soon emerge from its prolonged period of trouble with its "industry-leading" credit card business intact and the balance sheet strength for shareholder friendly returns and/or accretive deals.. The firm, which thinks Bankrate's credit cards business alone is worth close to the shares' current value, raised its price target on the stock to $13 from $12.50.
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