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Morgan Stanley Reiterates Equal-Weight Rating, Lowers Price Target On Green Dot As Margin Outlook Disappoints

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In a report published Friday, Morgan Stanley analyst Smittipon Srethapramote reiterated an Equal-Weight rating on Green Dot Corporation (NYSE: GDOT), but lowered the price target from $22.00 to $19.00.

In the report, Morgan Stanley noted, “GDOT disappoints with a 2015 outlook that contemplates no margin expansion, as upside from TPG acquisition is offset by several other moving pieces. We lower our PT $3 to $19 but remain EW due to valuation and growing revenue diversification.”

Green Dot closed on Thursday at $19.85.

Latest Ratings for GDOT

DateFirmActionFromTo
Oct 2019UpgradesMarket PerformOutperform
Sep 2019Initiates Coverage OnHold
Sep 2019DowngradesBuyHold

View More Analyst Ratings for GDOT
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Smittipon SrethapramoteAnalyst Color Price Target Analyst Ratings

 

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