UPDATE: Credit Suisse Raises PT on Alliance Data Systems Following Meeting with Senior Members
In a report published Monday, Credit Suisse analyst Georgios Mihalos reiterated an Outperform rating on Alliance Data Systems Corporation (NYSE: ADS), and raised the price target from $250.00 to $269.00.
In the report, Credit Suisse noted, “We recently met with senior members of ADS' Private Label business. We left feeling very comfortable about the business' long-term prospects and ADS' competitive differentiation. Our TP increases to $269, or 19x our 2015E adj. EPS including the BrandLoyalty acquisition. Our takeaways are: Data Differentiator: ADS' access to SKU level data/ability to incorporate Epsilon analytic services; Long Runway For Growth: The pipeline for new business is robust; Innovation: We believe PL will be a beneficiary of the shift to mobile payments."
Alliance Data Systems Corporation closed on Friday at $250.87.
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|Dec 2014||Keefe Bruyette & Woods||Maintains||Market Perform|
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