Northland analyst Mike Grondahl downgraded Green Dot (GDOT) to Market Perform from Outperform with a price target of $14.25, down from $18, after the company announced “two somewhat complicated and coordinated” strategic transactions that will separate its fintech and bank operations.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GDOT:
- Hold Rating for Green Dot Amid Acquisition and Restructuring Uncertainties
- Midday Fly By: Novo Alzheimer’s trial misses goal, Green Dot to be acquired
- Green Dot Announces Acquisition by Smith Ventures
- Video: Biogen up after Novo weight-loss drug fails to slow Alzheimer’s progress
- Morning Movers: Novo Nordisk sinks after Alzheimer’s disease study results