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Alliance Data Systems stock cut to Perform at Oppenheimer on NCO outlook

Mar. 07, 2022 11:14 AM ETBread Financial Holdings, Inc. (BFH)XLF, MA, AXP, VBy: Liz Kiesche, SA News Editor

Close up shot of customer hand using dummy credit card for payment to waitress at cashier in cafe restaurant, money cashless and credit card payment technology concept.

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Oppenheimer analyst Dominick Gabriele downgraded Alliance Data Systems (NYSE:ADS) to Perform from Outperform as the Russian invasion of Ukraine pushes oil prices higher, increasing the likelihood that credit quality will deteriorate.

"We see increasing likelihood

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