Barclays Reiterates an 'Overweight' on Alliance Data Systems (ADS); Expect Strong Q2

Barclays reiterates an 'Overweight' on Alliance Data Systems (NYSE: ADS) price target of $145.00.

Analyst, Darrin D. Peller, said, "ADS reports 2Q12 earnings on Thursday (July 19). With 2Q12 NCOs of 4.9%, delinquencies of 3.9% and continued growth in receivables, we continue to see upside to our estimates in private label for 2Q12 and 2012...We raised our estimate for full-year 2012 average receivables growth to 15% Y/Y (vs. our prior estimate of 14% Y/Y), which includes the conversion of the Bon-Ton portfolio in 3Q12."

For an analyst ratings summary and ratings history on Alliance Data Systems click here. For more ratings news on Alliance Data Systems click here.

Shares of Alliance Data Systems closed at $131.54 yesterday.

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