Credit Suisse Upgrades Green Dot (GDOT) to Outperform

Credit Suisse upgraded Green Dot (NYSE: GDOT) from Neutral to Outperform with a price target of $25.00 (from $19.00).

Analyst G. Mihalos notes share are trading at 4.7x 2015E EBITDA, a 60% discount to the peer group, and 6.3x unencumbered cash. Given this they see an asymmetric risk/reward profile and sizable margin of safety with likely upward revisions and multiple expansion on the horizon.

For an analyst ratings summary and ratings history on Green Dot click here. For more ratings news on Green Dot click here.

Shares of Green Dot closed at $15.85 yesterday.

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