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Alliance Data Systems cut to Neutral at BofA due to few near-term catalysts

Jun. 04, 2021 7:52 AM ETBFHBy: Liz Kiesche, SA News Editor
  • BofA Securities analyst Mihir Bhatia downgrades Alliance Data Systems (NYSE:ADS) to Neutral on the absence of few near-term catalysts and the expectation of continuing pressure on loan growth and flattish full-year revenue.
  • The downgrade follows a 66% runup in ADS shares

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