On The Fly: Analyst Initiation Summary Today's noteworthy initiations include: AgroFresh Solutions (AGFS) initiated with a Buy at Citi... Alliance Data (ADS) initiated with a Buy at Jefferies... Kroger (KR) initiated with a Buy at Stifel... Spectranetics (SPNC) initiated with a Buy at NorthcoastVSprouts Farmers Markets (SFM) initiated with a Buy at Stifel... The Fresh Market (TFM) initiated with a Hold at Stifel.
Alliance Data to provide credit card program for Boscov's Alliance Data's Columbus, Ohio-based card services business has signed a new long-term agreement to provide private label credit card services for Boscov's Department Store. Based in Reading, Pennsylvania, Boscov's is the largest family-owned department store chain in the U.S. Boscov's will leverage Alliance Data's MyLoyalty App capabilities. In addition, Alliance Data has signed an agreement to purchase the existing Boscov's portfolio of private label credit card accounts, subject to customary closing conditions. The portfolio has a size of approximately $200M. Closing of the portfolio purchase is expected in Q1.