Goldman Sachs Downgrades Alliance Data Systems (ADS) to Sell

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May 6, 2011 7:20 AM EDT
Get Alerts ADS Hot Sheet
Price: $56.80 --0%

Rating Summary:
    14 Buy, 21 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Goldman Sachs downgraded Alliance Data Systems (NYSE: ADS) from Neutral to Sell saying valuation is a strength and they see possible tailwinds emerging.

The firm lowered CY2011 EPS estimates by $0.13 to $6.97, CY2012 by $0.01 to $7.78 and CY13 by $0.21 to $8.59. The firm raised their price target from $70 to $77.

Goldman said the stock is too expensive relative to peers "given growth headwinds in all three businesses that we believe are not fully appreciated by the Street."

For more ratings news on Alliance Data Systems click here and for the rating history of Alliance Data Systems click here.

Shares of Alliance Data Systems closed at $92.15 yesterday.

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