Barrington Research Starts NetSpend (NTSP) at Outperform; Recurring Revenue Business Model
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Price: $15.98 --0%
Rating Summary:
1 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
1 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barrington Research initiates coverage on NetSpend (NASDAQ: NTSP) with an Outperform. PT $11.
Barrington analyst says, "Long-Term Secular Growth Opportunity Driven by Providing Alternatives to Traditional Bank Accounts: NetSpend’s market opportunity lies in providing banking services to the unbanked and underbanked consumer. The unbanked/underbanked market includes individuals that have been turned down by banks due to credit history, individuals driven away from banks due to rising fees on checking accounts and/or individuals that are part of the cash economy and use alternative financial channels for their banking services."
For more ratings news on NetSpend click here and for the rating history of NetSpend click here.
Shares of NetSpend closed at $11.01 yesterday.
Barrington analyst says, "Long-Term Secular Growth Opportunity Driven by Providing Alternatives to Traditional Bank Accounts: NetSpend’s market opportunity lies in providing banking services to the unbanked and underbanked consumer. The unbanked/underbanked market includes individuals that have been turned down by banks due to credit history, individuals driven away from banks due to rising fees on checking accounts and/or individuals that are part of the cash economy and use alternative financial channels for their banking services."
For more ratings news on NetSpend click here and for the rating history of NetSpend click here.
Shares of NetSpend closed at $11.01 yesterday.
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