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Stock Market & Financial Investment News

News Breaks
February 20, 2013
10:02 EDTGDOT, NTSP, TSSGreen Dot climbs after competitor agrees to be acquired
Shares of prepaid debit card provider Green Dot (GDOT) are rising after the company's competitor, NetSpend Holdings (NTSP), announced last night that it had agreed to be acquired by Total System Services (TSS) for $16 per share. NetSpend's stock closed at $12.29 yesterday. However, in a note to investors earlier today, SunTrust analyst Andrew Jeffrey wrote that Green Dot is not likely to become a takeover target. Green Dot's valuation is similar to the level at which NetSpend was acquired, the analyst wrote. As a result, Green Dot's stock is unlikely to rise significantly, according to Jeffrey. Moreover, Green Dot is rapidly losing market share and is more exposed to retail customers than NetSpend, meaning that Green Dot is more vulnerable to falling prices and new competitors, the analyst believes. Finally, Green Dot owns a bank, and consequently only a bank holding company would be likely to acquire it, Jeffrey wrote. The analyst maintained a Reduce rating on Green Dot shares, which rose 44c, or 3%, to $15.07 in early trading.
News For GDOT;NTSP;TSS From The Last 14 Days
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October 31, 2014
09:29 EDTGDOTGreen Dot should be sold into strength, says Sterne Agee
Sterne Agee believes that Green Dot is facing headwinds from a number of factors, including investment spending, increased payouts to major retailers,, and increased competition. The firm notes that the company reported mixed Q3 results but it keeps a Neutral rating on the shares.
October 30, 2014
16:21 EDTGDOTGreen Dot raises FY14 adjusted EPS to $1.29-$1.33 from $1.25-$1.29
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16:19 EDTGDOTGreen Dot raises FY14 outlook
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16:18 EDTGDOTGreen Dot reports Q3 adjusted EPS 36c, consensus 28c
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October 29, 2014
10:20 EDTGDOTHigh option volume stocks
High option volume stocks: KCG OI SWI SNY ITUB AWI GDOT PNRA EA ZLTQ
10:00 EDTTSSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Networks (AMCX) upgraded to Buy from Hold at ISI Group... Abbott (ABT) upgraded to Buy from Hold at Deutsche Bank... Ahold (AHONY) upgraded to Overweight from Neutral at JPMorgan... Alere (ALR) upgraded to Buy from Hold at Craig-Hallum... Ambev (ABEV) upgraded to Buy from Neutral at Goldman... Bayer (BAYRY) upgraded to Outperform from Market Perform at Bernstein... C.H. Robinson (CHRW) upgraded to Buy from Neutral at BofA/Merrill... Cliffs Natural (CLF) upgraded to Outperform from Neutral at Macquarie... HCC Insurance (HCC) upgraded at Raymond James... Hannon Armstrong (HASI) upgraded to Buy from Neutral at BofA/Merrill... Jamba (JMBA) upgraded to Outperform from Neutral at Wedbush... Midway Gold (MDW) upgraded to Speculative Buy from Hold at Canaccord... PG&E (PCG) upgraded to Buy from Hold at Deutsche Bank... RWE AG (RWEOY) upgraded to Neutral from Underweight at JPMorgan... Starwood (HOT) upgraded to Buy from Hold at Craig-Hallum... Total System (TSS) upgraded to Overweight from Equal Weight at Stephens.
07:19 EDTTSSTotal System upgraded to Overweight from Equal Weight at Stephens
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October 28, 2014
16:07 EDTTSSTotal System reports total accounts on file exceeded 600M for first time
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16:06 EDTTSSTotal System reports Q3 adjusted EPS 56c, consensus 52c
Reports Q3 revenue $616.9M, consensus $614.96M.

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