Morgan Keegan Raises Alliance Data Systems PT, Maintains Outperform

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Morgan Keegan raised its Alliance Data Systems (NYSE: ADS) price target from $105 to $115 and maintained its Alliance Outperform/Speculative Risk rating in a research report published today.In the report, Morgan Keegan states, "Company reported Q2 revenues of $740 million (above our estimate of $712 million and Consensus of $723 million) and Core EPS of $1.75 (above our estimate of $1.62 and Consensus of $1.67) on a lower provision than modeled; The company raised its FY:11 guidance to $7.20+ from $7.00+ previously (above our estimate of $7.16 and Consensus of $7.15)."Shares of Alliance Data Systems closed today at $96.48, down 2.97% from Wednesday's market close.

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