SunTrust recommends reducing exposure to Green Dot SunTrust recommends reducing exposure to Green Dot (GDOT) following Total System's (TSS) acquisition of NetSpend (NTSP). The firm does not view Green Dot as a takeover target and notes the company is rapidly losing share. The firm rates Green Dot a Reduce with a $12 price target, up from $10.
Green Dot jumps after report says exploring alternatives The move higher in shares of Green Dot is being attributed to a dealReporter story about the company exploring strategic alternatives. According to sources, dealReporter said Green Dot is in the early stages of exploring alternatives after coming under activist pressure from Harvest Capital. Shares of the prepaid debit cards provider are up 4%, or 68c, to $18.46 in midday trading.