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Fly News Breaks for July 21, 2017
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Jul 21, 2017 | 08:30 EDT
After Alliance Data lowered its fiscal 2017 EPS guidance, partly due to delayed recoveries and uncollectible finance charges, JMP Securities analyst David Scharf says that demand for the company's card and non-credit businesses.remains strong. He thinks that the company's earnings outlook remains strong, and he calls the decline in the company's stock "excessive." He keeps a $285 price target and an Outperform rating on the shares.
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