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Fly News Breaks for January 14, 2020
Jan 14, 2020 | 07:28 EDT
Argus analyst Jasper Hellweg downgraded Alliance Data to Hold from Buy, stating that he expects weak earnings growth over the next few quarters as the company completes its "major strategic overhaul" in both its card and its noncard businesses. He lowered his 2019 and 2020 EPS estimates based on management's earnings and revenue "reset," Hellweg noted.
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