UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Green Dot Corporation on Near-Term Upside, Long-Term Overhangs

In a report published Wednesday, Jefferies analyst Ramsey El-Assal reiterated his Hold rating on Green Dot Corporation GDOT, and raised his price target from $12.00 to $14.00. In the report, El-Assal noted, “Our proprietary analysis examines the evolving relationship between GDOT & WMT (65% of GDOT revs), highlighting the wide range of potential downside/upside EPS impacts from both near-term and longer-term developments, such as Bluebird, pricing pressure, and issues surrounding the F15 WMT contract renewal. We are raising ests and PT due to possible near-term upside to Street, but maintain Hold rating due to longer-term overhangs.” Green Dot Corporation closed on Tuesday at $14.78.