Alliance Data price target raised to $320 from $280 at BMO Capital BMO Capital raised its estimates on Alliance Data and its price target on the stock to $320 after meetings with the company's CFO made the firm more comfortable with the company’s growth profile and its loyalty services model. BMO keeps its Outperform rating on shares of Alliance Data.
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%.