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

, 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.