- Alliance Data Systems (NYSE:ADS) slips 0.5% in premarket trading after Deutsche Bank analyst Ashish Sabadra cuts the stock to hold from buy as "multiple headwinds" could weigh on its 2020 earnings growth.
- Cuts price target to $158 from $162.
- Potential headwinds include "reserve build, winding down portfolio held for sale" and lower interest rates.
- Quant rating Neutral; before this action, Sell-Side average rating was Outperform (6 Buy, 6 Outperform, 12 Hold).
Alliance Data Systems loses a bull as Deutsche Bank downgrades
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