Deutsche Bank Decreases PT From $12.00 To $11.00 And EPS From $0.46 To $0.44 On NetSpend (NTSP)

In a recent report, Deutsche Bank has decreased the price target from $12.00 to $11.00, decreased the EPS from $0.46 to $0.44 and maintained a hold rating on on NetSpend

after the company missed Deutsche Bank's EPS expectations in 3rd earnings report since IPO. In the report, Deutsche Bank said, they "Reiterate Hold after NTSP missed our/Street's EPS expectation in 3rd earnings report since IPO and lowered EBITDA/EPS guidance after signing strategic investment in a new marketing/distribution program." NetSpend closed yesterday at $10.71.