Alliance Data's Loyalty One signs long-term consulting agreement with Loblaw Alliance Data Systems announced that Precima, a consulting and analytics firm housed within the Canadian LoyaltyOne business, signed a new long-term agreement to develop and execute customer-centric merchandising and marketing strategies for Canada's Loblaw Companies, a food and pharmacy retailer.
On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: Actelion (ALIOY) upgraded to Neutral from Sell at Citi... Alliance Data (ADS) assumed with an Overweight from Neutral at Piper Jaffray... BG Group (BRGYY) upgraded to Outperform from Sector Perform at RBC Capital... Cubic (CUB) upgraded to Buy from Hold at Benchmark... Frontline (FRO) upgraded to Neutral from Underperform at Credit Suisse... Hormel Foods (HRL) upgraded to Overweight at Stephens... ImmunoGen (IMGN) assumed with a Buy from Hold at Jefferies... Metro (MTTRY) upgraded to Buy from Hold at Jefferies... Palo Alto (PANW) upgraded to Buy from Hold at Argus... Pfizer (PFE) upgraded to Neutral from Reduce at SunTrust... Tech Data (TECD) upgraded to Market Perform from Underperform at Raymond James.
Alliance Data reports October average receivables up 32% to 11.99B Reports October net charge-offs $49.95M. Reports October net charge-offs as a percentage of receivables 5% vs. 4.5% last year. Reports October delinquency rate of 4.5%.