Citi Downgrades Green Dot (GDOT) to Neutral Citing Valuation Following Recent Strength

Citi downgraded Green Dot (NYSE: GDOT) from Buy to Neutral with a price target of $66.00 (from $54.00).

Analyst Ashwin Shirvalker believes the recent strength in the stock price will pause momentarily and steps to the sidelines on a more balanced risk/reward. The analyst believes the market is less likely to see a EPS beat-and-raise from the company, which had been attributed to the recent price strength.

For an analyst ratings summary and ratings history on Green Dot click here. For more ratings news on Green Dot click here.

Shares of Green Dot closed at $63.80 Friday.

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