Goldman Sachs Downgrades Green Dot (GDOT) to Neutral
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Price: $13.53 +0.15%
Rating Summary:
5 Buy, 24 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 24 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs downgraded Green Dot (NYSE: GDOT) from Buy to Neutral with a price target of $24 (down from $31).
The firm cited "increased competition from large banks and other processors and limited new retail distribution announcements to limit the growth profile for the model."
Goldman lowered 2012E/2013E/2014E EPS to $1.50/$2.08/$2.50.
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 $21.61 yesterday.
The firm cited "increased competition from large banks and other processors and limited new retail distribution announcements to limit the growth profile for the model."
Goldman lowered 2012E/2013E/2014E EPS to $1.50/$2.08/$2.50.
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 $21.61 yesterday.
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