Goldman Sachs Downgrades NetSpend (NTSP) to Neutral

July 11, 2011 7:20 AM EDT
Get Alerts NTSP Hot Sheet
Price: $15.98 --0%

Rating Summary:
    4 Buy, 15 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 19 | Down: 19 | New: 13
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Goldman Sachs downgraded NetSpend (NASDAQ: NTSP) from Buy to Neutral and maintained their $10 price target, which suggest 5% upside.

The firm cited the lack of traction in the retailer distribution channel which limits growth.

For more ratings news on NetSpend click here and for the rating history of NetSpend click here.

Shares of NetSpend closed at $9.50 yesterday.

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