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UPDATE: Deutsche Bank Initiates Alliance Data Systems at Buy on Good Market Position

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In a report published Wednesday, Deutsche Bank analyst Ashish Sabadra initiated coverage on Alliance Data Systems (NYSE: ADS) with a Buy rating and $205.00 price target.

In the report, Deutsche Bank noted, “We are initiating coverage on ADS, a leading provider of private label card and data-driven marketing services, with a Buy rating and a $205 target price. With retailers increasingly leveraging private label cards as loyalty programs and shifting budget toward data-driven marketing to leverage Big Data, we believe ADS is best positioned given its diverse offerings. In addition, ADS should benefit from accelerated growth of credit sales and receivables (existing clients, portfolio acquisition, and new wins), stable credit quality (potential for lower charge-off and reserve rate), low funding costs, potential for improvement in gross yield, and lower share count as the converts mature.”

Alliance Data Systems closed on Tuesday at $174.10.

Latest Ratings for ADS

DateFirmActionFromTo
Dec 2014Keefe Bruyette & WoodsMaintainsMarket Perform
Oct 2014CitigroupMaintainsNeutral
Sep 2014NomuraMaintainsBuy

View More Analyst Ratings for ADS
View the Latest Analyst Ratings

Posted-In: Ashish Sabadra Deutsche BankAnalyst Color Initiation Analyst Ratings

 

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