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January 22, 2014
07:09 EDTGDOTGreen Dot doing well at Wal-Mart, new locations, says Piper Jaffray
Piper Jaffray said its survey work indicates that Green Dot (GDOT) prepaid cards continue to do well at Wal-Mart (WMT) and new retail locations. Piper believes Green Dot has weathered competition from American Express (AXP) and others well and keeps an Overweight rating on the stock. The firm raised its price target for shares to $31 from $29.
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