Nomura Securities Upgrades Alliance Data Systems (ADS) to Buy

Nomura Securities upgraded Alliance Data Systems (NYSE: ADS) from Neutral to Buy with a price target of $300.00.

Analyst Tulu Yunus said, "It’s certainly not new news that ADS’s PL portfolio continues to grow at a rapid pace. That said, our analysis of the pipeline suggests that the file’s growth will re-accelerate and reach new highs in the 30%+ range later this year. We expect shares to rival their 52-wk high as estimates ratchet higher yet again."

The firm is initiating 2016 EPS est. and raising 2014 / 15 to $12.63 / $14.78 (from $12.32 / $14.24).

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 $256.05 yesterday.

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