Market Overview

UPDATE: Goldman Sachs Downgrades Green Dot to Neutral

Share:
Related GDOT
Credit Suisse Instigates Breakout In Green Dot With Well-Timed Upgrade
UPDATE: Credit Suisse Upgrades Green Dot As Top Small-Cap Pick

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

DateFirmActionFromTo
Apr 2015CitigroupMaintainsNeutral
Mar 2015JefferiesMaintainsBuy
Mar 2015Credit SuisseUpgradesNeutralOutperform

View More Analyst Ratings for GDOT
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Downgrades Analyst Ratings

 

Related Articles (GDOT)

Around the Web, We're Loving...

Get Benzinga's Newsletters