Alliance Data reports June net charge offs 4.8% vs. 5.2% last month » 07:3807/2907/29/21
Reports June delinquency…
Reports June delinquency ratio 3.3% vs. 3.2% last month.
Alliance Data reports Q2 EPS $5.47, consensus $3.85 » 07:1907/2907/29/21
Reports Q2 revenue…
Reports Q2 revenue $1.01B, consensus $1.04B.
|Over a month ago|
Alliance Data reports May net charge offs 5.2% vs. 5.2% last month » 07:3106/1506/15/21
Reports May delinquency…
Reports May delinquency ratio 3.2% vs. 3.4% last month.
Alliance Data coverage transferred at RBC Capital » 16:4306/1406/14/21
RBC Capital transferred…
RBC Capital transferred coverage of Alliance Data to analyst Jon Arfstrom, who maintained an Outperform rating and $126 price target on the stock.
Fly Intel: Top five analyst downgrades » 09:5306/0406/04/21
PNR, WKHS, ADS, GO, ASB
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Pentair (PNR) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Joshua Pokrzywinski saying he sees fewer upside surprises from its residential exposure from here or earnings revisions that would justify a premium valuation. 2. Workhorse Group (WKHS) downgraded to Market Perform from Outperform at Cowen with analyst Jeffrey Osborne saying the shares are fairly valued following the recent rally which is not supported by fundamentals or company specific catalysts. 3. Alliance Data (ADS) downgraded to Neutral from Buy at BofA with analyst Mihir Bhatia citing both the stock's "big run" with shares up 66% year-to-date and his view that Alliance has few near-term catalysts. 4. Grocery Outlet (GO) downgraded to Hold from Buy at Jefferies with analyst Randal Konik saying while the company's long-term prospects remain "compelling," the grocery industry backdrop is becoming more difficult and he projects inflationary cost pressures across wages, freight, and product will reduce Grocery Outlet's EPS growth rate, weighing on the multiple. 5. Associated Banc-Corp (ASB) downgraded to Equal Weight from Overweight at Wells Fargo with analyst Jared Shaw telling investors in a research note that the near-term credit catalyst has played out and loan growth will be challenging in the near-term. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
BofA downgrades Alliance Data to Neutral following 'big run' » 06:5806/0406/04/21
As previously reported,…
As previously reported, BofA analyst Mihir Bhatia downgraded Alliance Data to Neutral from Buy with an unchanged price target of $130, citing both the stock's "big run" with shares up 66% year-to-date and his view that Alliance has few near-term catalysts. Bhatia is forecasting only "flattish" full-year revenues as he expects loan growth to be pressured in the near-term, the analyst added.
Alliance Data downgraded to Neutral from Buy at BofA » 06:1006/0406/04/21
BofA analyst Mihir Bhatia…
BofA analyst Mihir Bhatia downgraded Alliance Data to Neutral from Buy with a $130 price target.
Alliance Data price target raised to $150 from $95 at Truist » 07:2105/2005/20/21
Truist analyst Andrew…
Truist analyst Andrew Jeffrey raised the firm's price target on Alliance Data to $150 from $95 and keeps a Buy rating on the shares. The company's Investor Day presentation highlighted digital, data, and product improvements for a reinvigorated value-add platform, the analyst tells investors in a research note. Jeffrey adds that the management's receivables outlook looks "conservative", with upside drivers possible from the recently-acquired Bread and from a broader economic rebound.
Alliance Data price target raised to $133 from $124 at Stephens » 08:4505/1905/19/21
Stephens analyst Vincent…
Stephens analyst Vincent Caintic raised the firm's price target on Alliance Data to $133 from $124 and keeps an Equal Weight rating on the shares following the company's investor day, which he said "did not have much in the way of new information." He has raised his 2022 EPS estimates due to better credit and a lower ongoing credit reserve than he anticipated, but Caintic notes that Alliance's long-term guidance was in line with market expectations and he thinks the lack of a catalyst is what drove shares lower yesterday.
Alliance Data unit signs multi-year renewal agreement with Signet Jewelers » 16:1905/1805/18/21
Alliance Data Systems…
Alliance Data Systems (ADS) announced that its Card Services business, has signed a multi-year renewal agreement with Signet Jewelers (SIG) to continue providing private label credit card services. Alliance Data will continue to provide leading private label credit card programs across Signet's Kay Jewelers, Zales, Jared and Piercing Pagoda banners, with a broad promotional plan offering to support customers' unique needs and preferences. Signet has also implemented credit marketing support via Alliance Data's Enhanced Digital Suite, which incorporates dynamic credit messaging to drive purchase option awareness, better conversion and engagement, supporting Signet's ability to serve customers across a connected commerce experience. Alliance Data and Signet will continue to partner on data and analytics solutions to provide advanced customer insights that drive top-line sales.