Goldman Sachs Maintains Neutral, $5 PT on NetSpend

Goldman Sachs reiterates its Neutral rating and $5 price target on NetSpend Holdings, Inc.

as it fine-tunes estimates to reflect 10-Q detail. Goldman says, “We have updated our estimates to reflect revenue breakdown detail from the company's 10-Q filing. While our 2011/2012/2013 EPS estimates are unchanged, our quarterly EPS forecasts have changed. Our 3Q12/4Q12/4Q13 estimates are now $0.13/$0.11/$0.13 from $0.12/$0.12/$0.14. We do not view these changes as material, and there is no change to our investment thesis, rating or price target.” NTSP closed at $5.70 per share on Friday.