UPDATE: Goldman Sachs Downgrades Green Dot to Neutral
According to Goldman Sachs, Green Dot (NASDAQ: GDOT) is downgraded to Neutral.
Goldman Sachs said that it downgraded GDOT to Neutral from Buy, as it now expects increased competition from large banks and other processors, and limited new retail distribution announcements to limit the growth profile for the model. “Since adding GDOT to the Buy List (8/15/2011), the shares are down 31.6% (vs. S&P +10.0%). Ytd GDOT is down 30.8% (vs. S&P +5.3%).”
Green Dot closed yesterday at $21.61.
Latest Ratings for GDOT
|May 2016||Morgan Stanley||Maintains||Equal-weight|
|Mar 2016||BTIG Research||Downgrades||Buy||Neutral|
|Mar 2016||Northland Securities||Initiates Coverage on||Outperform|
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